The technical analysis of currency pairs 05.02.2010

USD /JPY

Prices are consolidated in the 89.70 resistance level. If he will be overcome to continue growth, the primary purpose of which is likely to become a mark 90.00 and, further, 90.40. The probability of this outcome suggests that, at the 4-hour chart (Figure 1) trend indicator OsMA bought a rising trend. Up aims and SS (at the same time he left the band overselling). At the same time, RSI charted a U-turn in the opposite direction. Therefore, it is possible that this level will not be passed and prices, rebounding from him, will return to the course mark 89.40. On the hourly chart (Fig. 2) OsMA directed upward, thus confirming the assumption about the possibility of breaking a mark 89.70 and further growth. Oscillators, as in the 4H different direction.
In my opinion, the possibility of opening positions for the purchase with a close stop-loss should be considered only after the confirmation of a breakthrough price resistance level 89.70.

Support: 89.40, 89.00, 88.70, 88.40/30, 88.00, 87.40/30, 87.00, 86.40, 86.00/85.90, 85.20/00, 84.40/30, 84.00, 83.00.
Resistance: 89.70, 90.00, 90.40, 90.70, 91.00, 91.50/55, 92.00, 92.40, 92.70/85, 93.00/20, 93.50/60, 94.10/00, 94.60/50, 94.90/95.00, 95.30, 95.90/96.00, 96.30, 97.00, 98.00.

USD /CHF

prices after an unsuccessful attempt to overcome the 1.0760 mark, returned to a mark 1.0730. If it is passed, is expected to further decline to a level of 1.0700. About the beginning of rollback its reversal (both in the overbought zone) signaled oscillators at 4-hour chart (Figure 3). At the same time, the trend indicator OsMA steadily upwards. Therefore, it is possible resumption of growth in prices after the rollback. On the hourly chart (Figure 4) OsMA and RSI acquired a downward direction. All this confirms the supposition about the possibility of breaking a mark 1.0730, and the continuation of the declining phase of motion.
In my opinion, is to wait for clarification of the situation, before making any trading decisions. With the resumption of growth and confirming the presence of signals on the hourly chart to consider the possibility of opening positions on the purchase after the confirmation of a breakthrough level of 1.0760.

Support: 1.0730, 1.0700, 1.0650, 1.0600, 1.0550, 1.0500/1.0490, 1.0445, 1.0400/1.0390, 1.0360/50, 1.0320/00, 1.0280, 1.0250/40, 1.0200, 1.0175, 1.0140/30, 1.0100, 1.0070, 1.0035, 1.0000, 0.9975.
Resistance: 1.0760, 1.0800, 1.0850/60, 1.0900, 1.0935, 1.1000/10, 1.1050/60, 1.1100/20, 1.1150, 1.1200/15, 1.1270, 1.1320.

EUR /USD

Prices trying to lock properly below the level of support 1.3700/1.3680. If they succeed, it is worth waiting for further falls, the primary purpose of which is likely to become a mark 1.3630. In favor of such an outcome can say what OsMA trend indicator a1000t 4-hour chart (Fig. 5), confidently directed downward. At the same time, SS turned up (out of the oversold zone), RSI is also preparing to deploy in a bullish direction. All this indicates a possible early return of the the mark of 1.3730/40. On the hourly chart (Fig. 6) OsMA and both oscillators purchased a downward direction, thus confirming the assumption about the possibility of a breakthrough this level of support and further decline.
However, in my opinion, the possibility of opening positions for sale with a close stop-loss should be considered only after the confirmation of a breakthrough price level of support 1.3700/1.3680.

Support: 1.3700/1.3680, 1.3630, 1.3600, 1.3560, 1.3500, 1.3460/50, 1.3400, 1.3370, 1.3340, 1.3300, 1.3260/50, 1.3200, 1.3160/50, 1.3100/1.3090, 1.3070, 1.3040.
Resistance: 1.3730/40, 1.3780, 1.3800, 1.3830/40, 1.3860, 1.3900, 1.3960, 1.4000, 1.4030, 1.4070, 1.4100, 1.4140, 1.4200, 1.4230/50, 1.4283, 1.4320/30, 1.4360, 1.4390 /1.4400, 1.4430, 1.4465.

GBP /USD

prices move to a mark 1.5700. If they succeed, and this level is overcome, it is worth waiting for further falls, the primary purpose of which is likely to become a mark 1.5660. However, at the 4-hour chart (Fig. 7) trend indicator OsMA acquires an upward direction. Top charted turn and both oscillator (in oversold zone). So do not rule out the possibility that prices will rise to a mark 1.5770. On the hourly chart (Fig. 8) the situation is the same. OsMA upward. In the bull towards the unfolded and SS, and RSI. All this confirms the supposition about the possibility of early growth phase.
Thus, in my opinion, is to wait for clarification. Opportunity to open positions for sale with a close stop-loss should be considered only after confirmation of a breakthrough price support level 1.5700.

Support: 1.5700, 1.5660, 1.5620/00, 1.5500, 1.5430, 1.5400, 1.5300, 1.5260, 1.5200, 1.5150, 1.5100, 1.5070. 1.5000, 1.4970/60, 1.4900/1.4890.
Resistance: 1.5770, 1.5800, 1.5860, 1.5900, 1.5960, 1.6000, 1.6060, 1.6100, 1.6130/40, 1.6170, 1.6200, 1.6230, 1.6270/75, 1.6300, 1.6340, 1.63710, 1.6400, 1.6430, 1.6470, 1.6500, 1.6540.

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