This is Technical analysis daily and provided by specialists and analysts from FXCBS
Monday Jan 18, 2010
Previous session overview
The euro dollar pair is consolidating in today's Asian session, between 1.43935 levels and 1.43349 levels recording a high of 1.43935 and a low of 1.43349, while the pair is currently trading around 1.43880.
Regarding the pound dollar pair, it is trading between a low of 1.62491 and a high of 1.63392, having the royal pound trading around 1.63230.
Finally, the dollar yen pair is fluctuating between a low of 90.718 and a high of 91.059, and the pair is currently trading around 90.889.
Market Expectations
EUR/USD :
The resistance level 1.45600 showed very strong resistance for the pair Euro against U.S dollar last week; this strong resistance was pushing the pair to fall below the level 1.44000.The pair still trading above the support level 1.42650 and we note that the pair enters saturation level for the sales process, which leads us to expect a rise for the price during the trading this week.
GBP/USD :
The level 1.62400 very important to determine the direction for the pair Sterling against the U.S. dollar , we expect today some of the volatility for the pair and if the four-hours candle closed below the level 1.62400 the fall become certain for the pair to the level 1.60600.
USD/JPY :
Our expectations for the pair U.S. dollar against Japanese Yen is bullish during the short term direction heading towards 88.000. It is vital to pay attention to the positive signs that are appearing through the stochastic that might push for some bullish corrections. The bearish short term wave requires the daily close below 93.500.
Senior Analyst / Ali Hasan /FXCBS
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18-01-2010, 11:54 AM #1
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Technical Analysis 18/01/10 of FXCBS
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