CHF
The assumed test of the key support range for pre-planned buys has not been confirmed and the result of previous trading day as the activity parity of both parties at their relatively low level does not bring in the clearness to a choice of planning priorities for today. Hence as before, presuming the continuation of range rate movement and taking into account the descending direction of indicator chart, we assume a possibility of pair return to supports 1.1990/1.2010, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 1.2060/80, 1.2110/20 and/or further breakout variant up to 1.2160/80, 1.2200/20. An alternative for sales will be below 1.1970 with the targets 1.1910/30, 1.1860/80, 1.1820/40.
GBP
The pre-planned breakout variant for buyers has been realized with attainment of minimum assumed target. OsMA trend indicator having revealed relatively high level of buying activity concerning the preservation of bullish planning priorities for today but it revealed the moment of relative rise of bearish counteraction as the ground to assume a possibility of rate correction with some weakness in the calculations of the key support levels. Hence to reduce the trading risks, we assume a possibility of pair return to the nearest supports 1.9990/2.0010, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 2.0060/80, 2.0100/20 and/or further breakout variant up to 2.0160/80, 2.0100/20 and/or breakout variant up to 2.0160/80, 2.0200/20. An alternative for sales will be below 1.9960 with the targets 1.9900/20, 1.9840/60.
JPY
The pre-planned breakout variant for buyers has been realized with attainment of minimum assumed target. OsMA trend indicator having marked the top of previous day with formation of reversal bearish signal with confirmative strengthening of sales activity gives grounds to presume a possible rate correction but without change of bullish planning priorities for today. Hence, we assume a possibility of pair return to supports 115.00/20, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 115.60/80, 116.20/40 and/or further breakout variant up to 116.80/117.00, 117.60/80, 118.20/40.
EUR
Opened long positions have attained minimum assumed targets. OsMA trend indicator having marked a formation of reversal signal with confirmative relative strengthening of bearish counteraction gives grounds to presume a possible period of rate correction but without a change of planning priorities in favor of sales. Hence and because of bearish character of indicator chart, we assume a possibility of pair return to supports 1.3520/40, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short term buys on condition of formation of topping signals the targets will be 1.3570/90, 1.3610/20 and/or further breakout variant up to 1.3660/80, 1.3700/20. An alternative for sales will be below 1.3480 with the targets 1.3420/40, 1.3360/80.
With respect,
ForexLtd