Technical Analysis from FOREX LTD

[Big Johnny]

CHF>>
The pre-planned breakout variant for buyers has been realized with attainment of main assumed targets. OsMA trend indicator having marked the progress of bullish development at the attainment of tops of the current week also revealed the considerable rise of bearish counteraction up to the level of activity parity of both parties that brings in the factor of uncertainty to a choice of range movement of the rate in a short-term future. Hence and because of ascending direction of indicator chart, we assume a possibility of test of the nearest resistance range 1.1130/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.1060/80 and/or further breakout variant up to 1.1000/20, 1.0940/60. An alternative for buyers will be above 1.1200 with the targets 1.1260/80, 1.1320/40, 1.1380/1.1400.




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GBP>>
The pre-planned buying positions from the key support range have been realized with attainment of the assumed targets. OsMA trend indicator having marked the considerable rise of bullish activity gives grounds to choose buying planning priorities for today and taking into account the descending direction of indicator chart, we assume a possibility of pair return to supports 2.0680/2.0710, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buys on condition of formation of topping signals the targets will be 2.0770/90, 2.0820/40 and/or further breakout variant up to 2.0880/2.0900, 2.0950/70, 2.1000/20. An alternative for sales will be below 2.0640 with the targets 2.0560/80, 2.0500/20, 2.0460/80.




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JPY>>
The pre-planned breakout variant for buyers has been realized with overlap of minimal assumed targets. OsMA trend indicator having marked further strengthening of buying activity gives grounds to support buying planning priorities for today. Hence and because of descending direction of indicator chart, w assume a possibility of pair return to supports 109.40/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 110.09/111.20, 111.40/50. An alternative for sales will be below 108.80 with the targets 108.20/40, 107.80/108.00.




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EUR>>
The pre-planned breakout variant for sales has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the considerable rise of bullish activity gives grounds to choose buying planning priorities with a negative moment of some incompletion of revealed progress of sales’ activity. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to supports 1.4780/1.4800, where it is recommended to evaluate the 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 1.4840/60, 1.4880/1.4900 and/or further breakout variant up to 1.4940/60, 1.4980/1.5000. An alternative for sales will be below 1.4760 with the targets 1.4700/20, 1.4640/60, 1.4600/20.




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With respect,
Big Johnny
FOREX LTD


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