Forex Commnetary 21.07.2004

[profi-forex]

21.07.2004 (02.45)


USD/JPY(CURRENT LEVEL 108.63) - STILL USD HAS SUPPORT AT 108.00 REGION. RESISTANCE 108.70/80 I 109.50. ONLY BREAK 110.20 WILL BE STRONG BUY SIGNAL WITH POSIBILITY TO TEST 112.00 REGION. IN THIS MOMENT BEARS STILL HAVE AN ADVENTAGE AND WE HAVE CHANCE TO TEST 106.00 REGION.

EUR/USD(CURRENT LEVEL 1.2322) - YESTERDAY`S GREENSPAN SPEAKS FORTIFY USD BY 100 PIPS. EUR FIND SUPPORT AT 1.2300. TODAY COURSE SHOULD STAY IN RANGE: 1.2300 - 1.2400.

USD/CHF(CURRENT LEVEL 1.2434) - YESTERDAY`S BREAK ABOVE 1.2415 CHANGE IMAGE ON USD/CHF. IN A FEW DAYS WE SHOULD SEE TEST 1.2500 REGION. SUPPORT 1.2350/60.

GBP/USD (CURRENT LEVEL 1.8528) - BREAKINGTHROUGH SUPPORT AT 1.8600 WEAKEN GBP BY 100 PIPS. AFTER GREENSPAN SPEAKS WE SAW TEST ANOTHER SUPPORT AT 1.8480/90 REGION. NOW WE SHOULD SEE BACK TO 1.8600 REGION WHERE FIND NEW SELLERS.