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USD/JPY Technical Analysis. Support And Resistance Line For June; 28th/2010. 2010-06-28





Today, the USD/JPY intraday important Support & Resistance are at:

Resistance. 3 : 89.77.
Resistance. 2 : 89.59.
Resistance. 1 : 89.42.
Support. 1 : 89.20.
Support. 2 : 89.02.
Support. 3 : 88.84.
But, please pay attention to Resistance. 3 (89.77) level because if this level is hit by this pair, usually it is a tendency of reversing downwards for this pair again to the level of 89.67 to 89.57(maximal); but if this pair after the Break of Resistance. 3 still moves to 90.24 it seems this pair will continue the upward movement. On the other hand, if Support. 3 (88.84) will be hit, please pay careful attention to a reversal to upward movement again to 88.94 to 89.04 (maximal) level, if this pair after the break of Support. 3 still moves to 88.37 it seems this pair will continue the downward movement.
 
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EUR/USD Technical Analysis. Support & Resistance Lines For June; 28th/2010 2010-06-28





For EUR/USD, an intraday important trading level area is:
Breakout Buy level : 1.2449.
Strong Resistance : 1.2441.
Original Resistance : 1.2449.
Inner Sell Area : 1.2416.
Target Inner Area : 1.2386.
Inner Buy Area : 1.2356.
Original Support : 1.2344.
Strong Support : 1.2332.
Breakout Sell level : 1.2324.
Here;s the screenshot for this pair today :
 
Technical analysis and trading recommendations for GBP/USD for June 28, 2010 2010-06-28





Overview:
On the GBP/USD chart, we can see an ascendant movement with frequent pullbacks. The ‘buy’ signal remains active, which automatically has set confirmed, as the price is higher than Ishimoku cloud and Chinkou Span is above the price curve. Therefore, in the nearest time, the purchases will be preferable. Also, the price has fixated above pivot level of 1.4944. Therefore, the uprising motion target remains the resistance level of 1.5201. Chinkou Span is positioned above the price curve that testifies to bullish sentiment. If the price fixes below Kijun-sen, it will mean the ‘buy’ signal weakening and long positions should be closed in this case. Bollinger bands indicate upward movement continuation – the bands are diverging again and up-directed. MACD is rising up signaling about upward motion.
Trading recommendations:
In this situation, bullish trading is advisable with target at 1.5201. Place stop loss below 1.4895. Close positions manually in case of MACD reversal downwards.
Besides technical picture, fundamental reports and time of their release should be considered also.
The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.





Performed by Stanislav Polyanskiy, Analytical expert
InstaForex Companies Group © 2007-2010
 
The candlestick analysis of EUR/GBP for 28/06/2010 2010-06-28





Earlier, on a 4-hour chart of EUR/GBP, “Hammer” candle has formed, which signals about bullish motion. In addition, this candle developed around the high of August 2008.
This candle show that earlier the currency pair has been falling during a few days after a failed try of the breakout of the resistance level of 0.8385. However, having come to 0.8180, it reversed. This means that the bulls have become active at this mark, having not allowed the bears fixing here.
Also, Fibonacci correctional level of 23.6 was breached that means that this viewpoint is correct.
If the currency pair breaks out the level of 0.8325, an upward motion to the resistance level of 0.8385 should be expected. On the other hand, long positions should be closed after the breakout of the support level of 0.8180 because it will lead to the reach of new yearly lows.




Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
 
Technical analysis of USD/CAD for 30/06/2010 2010-06-30





Support levels: 1.0320, 1.0141, 1.0103.
Resistance levels: 1.0575, 1.0681, 1.0858.

The USD/CAD currency pair is continuing rising movement from the mark of 1.0141 after a small rollback, which was limited by the support level of 1.0320 and EMA (55). It is expected that USD/CAD will reach the resistance level of 1.0681 soon, the breach of which will open the way to 1.0858.
The breakout of the resistance level of 1.0325 means that pullback from 1.0858 is finished at the mark of 1.0141. Also, as we see on the chart, the drop from 1.0858 consist of 3 waves already that corresponds to the current pair growth.
It should be mentioned that on a day chart there is the formed “flag” on upward motion, which is only pause before further growth.
If USD/CAD reverses and breaks the support level of 1.0320, a decline to 1.0141 with next target at 0.9930 should be expected.
In mid-term outlook, considering bullish divergence of daily and weekly MACD, possibly, a reversal of downward trend from 1.3063 is taking place. It is expected USD/CAD will go up to Fibonacci correctional level of 38.2 from 1.3063 to 0.9929 on 1.1126 with next target at Fibonacci correctional level of 61.8 on 1.1866.





Performed by Vladimir Donin, Analytical expert
InstaForex Companies Group © 2007-2010
 
USD/JPY Technical Analysis. Support And Resistance Line For June; 30th/2010. 2010-06-30





Yesterday the yen became stronger against the US dollar; however we have found important Intraday Support & Resistance for this pair here:
Resistance. 3 : 88.94.
Resistance. 2 : 88.87.
Resistance. 1 : 88.59.
Support. 1 : 88.37.
Support. 2 : 88.20.
Support. 3 : 88.02.
Please pay attention to when the pair hits Support. 3 at 88.02 because it will cause this pair bounce approximately between 10 pips and 20 Pips, but if this Pair can break Support. 3 below 87.56 it seems this pair will continue its strengthening against USD; On the flip side, if this pair already hit Resistance. 3 usually this pair makes a bounce between 10 Pips and 20 Pips; but if this pair can break Resistance. 3 and go above 89.41, it seems the greenback will strengthen against the Yen.




Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010
 
EUR/USD Technical Analysis. Support & Resistance Lines For June; 30th/2010 2010-06-30





After we had seen a significant downward movement during almost 2 days we expected EUR/USD would be in a ranging situation today, but still we observe bearish pressure for this pair. As we know, in 5 working days "usually" currency market has 2 days of significant movement and 3 days of ranging situation. But this is not a fixed formula, so please be prepared for this pair for continuation of its downward movement or maybe a significant reversal movement. However here is the important intraday level area for EUR/USD for today:
Breakout Buy level : 1.2242.
Strong Resistance : 1.2234.
Original Resistance : 1.2223.
Inner Sell Area : 1.2211.
Target Inner Area : 1.2182.
Inner Buy Area : 1.2153.
Original Support : 1.2141.
Strong Support : 1.2129.
Breakout Sell level : 1.2122.





Performed by Arief Makmur, Analytical expert
InstaForex Companies Group © 2007-2010
 

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