The euro dollar pair recorded a low of 1.25158 and a high of 1.25640, having the union currency trading around 1.25477.
Regarding the pound dollar pair, it rose slightly recording a high of 1.46395 and a low of 1.45534, having the royal currency trading around 1.45731.
Finally, the dollar gained against the Japanese yen after yesterday's fall recording a high of 92.953 and a low of 92.512, while the pair is currently trading around 92.877.
Market Expectations
EUR/USD : We expect today for the pair Euro against the U.S. dollar a corrective movement for the last decline to the level of 1.27420 at 38.2% Fibonacci before continue it’s decline to the level of 1.24280, stability of the level 38.2% Fibonacci necessary to achieve this expectation.
GBP/USD :We expect for the pair Sterling against the U.S. dollar to do a corrective movement to the level of 38.2% Fibonacci at the price of 1.47400, and then decline to achieve our target at 1.44650.
USD/JPY :The pair neared the first awaited target at 92.30 and rebounded upwards due to the positive effect of momentum indicators, we expect that the pair will decline to retest again the level of 92.300.
The pair Euro against the U.S. dollar traded in the Asian session between the lowest price at 1.2239 which is the lowest price since 16 April 2006 and the highest price at 1.23719, the pair trading now around the level of 1.22741.
The pair Sterling against the U.S. dollar traded between the lowest price at 1.42497 which is the lowest price since 31 March 2009 and the highest price at 1.45453, the pair trading now around the level of 1.43622.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the lowest price at 91.764 and the highest price at 92.404 , the pair trading now around the level 92.081.
Market Expectations
EUR/USD : The pair of the euro against the U.S. dollar still under pressure as a result of negative sovereign debt crisis that has swept the European Union the penetration of the support level at 1.24160 today when the market open will opens the way to decline to the new target around the level of 1.21500 then the level of 1.20000, but we may see some corrective movement today to retest the penetrating support level at 1.24160 before these expectation happen.
GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar show a positive sings which may lead the pair to small corrective, but the general trend still down to the expected level at 1.41520 then to the level 1.40000, we are waiting a penetration to the support level at 1.42500 to achieve these expectations.
USD/JPY :We expect more bearish movement today for the pair U.S. dollar against the Japanese Yen to the level of 91.500, but we should monitor the support level at 91.100, determined indicators show negative signs that support our expectations.
The pair Euro against the U.S. dollar traded at the Asian session between the lowest level at 1.23141 and the highest level at 1.24006, the pair trading now around the level of 1.23575.
Regarding to the pair Sterling against the U.S. dollar it was traded at the Asian session between the lowest level of 1.44057 and the highest level at 1.44947, the pair is currently trading at the level of 1.44576.
Finally , the pair U.S. dollar against the Japanese Yen traded between the lowest level 92.329 and the highest level at 92.640 , the pair trading now around the level of 92.581.
Market Expectations
EUR/USD :We expect today for the pair Euro against the U.S. dollar to decline to the target of 1.22480 then to the target of 1.21970, this declining will be start after penetration of the support level at 1.23100, and these expectations require stability of trading below the resistance level of 1.24160.
GBP/USD :The pair Sterling against the U.S. dollar completed its corrective movement yesterday at the 23.8% Fibonacci around the level of 1.45400, today we expect a decline for the pair to the target of 1.43090 then to the level of 1.42370 , these expectations require stability of trading below the 23.8% Fibonacci at 1.45400.
USD/JPY :Stochastic enters overbought areas for the pair U.S. dollar against the Japanese Yen, we expect a bearish intraday trend to the target of 91.45, stability of the level of 92.900 necessary to achieve these expectations.
The pair Euro against the U.S. dollar traded during the Asian session between the highest price at 1.22241 and the lowest price at 1.21437 which is the lowest level since 16th April 2006, the pair is currently trading around the level of 1.21879.
The pair Sterling against the U.S. dollar traded between the highest level at 1.43354 and the lowest level 1.42377 which is the lowest level since 30th March 2009, the pair trading now around the level 1.43260.
Finally the pair U.S. dollar against the Japanese Yen traded between the highest level at 92.248 and the lowest level at 91.552 , the pair trading now around the level of 91.990.
Market Expectations
EUR/USD :We expect today more decline for the pair Euro against the U.S. dollar after breakthrough the support level at 1.23100 , we expect today a decline for the pair to the target of 1.20450 , this expectation require a close of the four hours candlestick below the resistance level of 1.23100.
GBP/USD :We expect more decline for the pair Sterling against the U.S. dollar to the target of 1.41170 then 1.40620, these expectations require a stability of trading below the resistance level of 1.44050.
USD/JPY :Some fluctuation is expected around the level of 92.330 for the pair U.S. dollar against the Japanese yen , followed a bearish reversal, where the pair through it can achieve the bearish intraday direction to the target of 91.220, stability of trading below the level of 92.800 necessary to achieve these expectations.
The pair Euro against the U.S. dollar traded during the Asian session between the lowest price at 1.23213 and the highest price at 1.24312, the pair trading now around the level of 1.23301.
Regarding the pair Sterling against U.S. dollar traded during the Asian session between the lowest price at 1.43195 and the highest price at 1.44657, the pair trading now around the level of 1.43449.
Finally the pair of U.S. dollar against the Japanese Yen traded during the Asian session between the lowest price at 91.008 and the highest price at 91.875, the pair trading now around the level of 90.975.
Market Expectations
EUR/USD :We advised to monitor the trading today for the pair euro against the U.S. dollar , Since the stability of trading above the level of 1.24300 may lead the price to make a big correction movement , and penetration for the level of 1.22900 will lead the price to decline again , so we advised to monitor the trading today carefully.
GBP/USD :etermined indicators show a negative signs for the pair Sterling against the U.S. Dollar which may lead the price to decline again, we are waiting a clear penetration for the support level at 1.43200 to achieve this expectation, With reference to any pretention for the resistance level at 1.44750 will lead the price to big corrective movement to the level of 1.46552.
USD/JPY :We expect a bearish intraday direction; targeting the attack of 91.050 then paves the way towards 90.300. It is vital that stability is achieved below 92.800 to insure the bearish morning scenario this morning is achieved.
The pair Euro against the U.S. dollar traded during the Asian session between the highest level at 1.26721 and the lowest level at 1.24546, the pair trading now around the level of 1.25916.
The pair Sterling against the U.S. dollar traded during the Asian session between the highest level 1.44567 and the lowest level at 1.43272, the pair trading now around the level of 1.44268.
Finally , the pair U.S. dollar against the Japanese Yen traded during the Asian session between the highest level at 90.371 and the lowest level at 89.032 , the pair trading now around the level of 90.127
Market Expectations
EUR/USD :We expect today for the pair Euro against the U.S. dollar a decline to the level of 1.24030 then to the level of 1.23200 , these expectation require a penetration for the support level at 1.24650 and stability of trading below the resistance level at 1.27920 , determined indicators are close to saturation on the buying process .
GBP/USD :etermined indicators for the pair Sterling against the U.S. dollar are so close to saturation on the buying process, which may lead the pair to decline to the level of 1.43530 then to the target of 1.42900, stability of trading below the level of 1.45000 necessary to achieve these expectations.
USD/JPY :We are waiting a retest of broken support that has currently turned into resistance at 91.050, followed by resuming the bearish trend for today; key targets are 89.750 then 88.450.
The pair Euro against the U.S. dollar traded during the Asian session between the highest level at 1.25632 and the lowest level at 1.24804, the pair trading now around the level of 1.25022.
The pair Sterling against the U.S. dollar traded during the Asian session between the highest level at 1.44975 and the lowest level at 1.44145, the pair trading now around the level of 1.44906.
Finally , the pair U.S. dollar against the Japanese Yen traded in a narrow range between the highest level at 90.362 and the lowest level at 89.744 , the pair trading now around the level of 90.189.
Market Expectations
EUR/USD :We expect a bullish trend today for the pair Euro against the U.S. dollar targeting mainly 1.26520, stochastic indicators support our expectation, stability of trading above the level of 1.24030 necessary to achieve these expectation.
GBP/USD :We expect some fluctuation for the pair Sterling against the U.S. dollar between 23.6% and 38.2% Fibonacci correctional levels , then follow by a bullish to the target 1.46370 , these expectation require stability of trading above the level of 1.42750 .
USD/JPYositive signs are appearing on momentum indicators for the pair U.S. dollar against the Japanese Yen may push it to retest the level before resuming the bearish direction for today targeting 89.560 then attempting to pave the way towards 89.200 .
The pair Euro against the U.S. dollar traded during the Asian session between the highest level at 1.23711 and the lowest level at 1.22705, the pair trading now around the level of 1.22771.
The pair Sterling against the U.S. dollar traded during the Asian between the highest level at 1.44205 and the lowest level at 1.43230, the pair trading now around the level of 1.43247.
Finally the pair U.S. dollar against the Japanese Yen traded in a narrow range between the highest level at 90.310 and the lowest level at 89.578 , the pair trading now around the level of 89.609.
Market Expectations EUR/USD :The pair Euro against the U.S. dollar faces negative pressure helped yesterday the pair to penetrate the support level at 1.23340, we expect today that the pair of Euro against the U.S. dollar will retest that level then decline to the target of 1.22100 then to the target of 1.21510.
GBP/USD :The pair Sterling against the U.S. dollar will test the support level at 1.43300 and we expect that the pair will breakthrough this support level and head to the target of 1.42200, stability of trading below the level of 1.44350 necessary to achieve these expectations.
USD/JPY :We expect today for the pair U.S. dollar against the Japanese Yen a declining to the target of 89.100 , to achieve this expectations we need stability of trading and close four hour candlestick below the level of 91.050.
The pair Euro against U.S. dollar traded during the Asian session between the lowest level at 1.22621 and the highest level at 1.23877, the pair trading now around the level of 1.22701.
The pair Sterling against the U.S. dollar traded during the Asian session in a narrow range between the lowest level at 1.43509 and the highest level at 1.44480, the pair is currently trading around the level of 1.43694.
Finally the pair U.S. dollar against the Japanese Yen also traded in a narrow range between the lowest level at 89.996 and the highest level at 90.490 the pair trading now around the level of 90.186.
Market Expectations
EUR/USD :etermined indicators for the pair Euro against the U.S. dollar show a negative signs which may lead the pair to decline and retest the support level at 1.21750 then reach the target of 1.20890, stability of trading below the level of 1.24260 is necessary to achieve these expectations.
GBP/USD :We expect today for the pair Sterling against the U.S. dollar a small up correction to the level of 1.44450, and then decline again to the level of 1.42300, then to the target of 1.41670, determined indicators support our expectations.
USD/JPY :We expect for the pair of U.S. dollar against Japanese Yen a bearish intraday trend in overall for today. Technical targets are at 89.100 then 88.570, where achieving them need a daily closing remaining below 91.050.
The pair Euro against the U.S. dollar traded during the Asian session between the highest level at 1.22864 and the lowest level at 1.21536, the pair trading now around the level of 1.22677.
The Sterling against the U.S. Dollar traded during the Asian session between the highest level at 1.44674 and the lowest level at 1.43655, the pair trading now around the level of 1.44605.
Finally the pair U.S. dollar against the Japanese Yen traded in a narrow range between the highest level at 93.311 and the lowest level at 89.807 , the pair trading now around the level of 90.232.
Market Expectations
EUR/USD :We advice for the pair Euro against the U.S. dollar to still waiting and monitor the support level at 1.21500 and the resistance level at 1.22900 before we can know the trend today, penetration for the support level at 1.21500 may lead the pair to decline quickly and penetration for the resistance level at 1.22900 may lead the pair to a corrective movement to the level 1.23990.
GBP/USD :Stochastic indicator show a saturation on the buying process for the pair Sterling against the U.S. dollar which may lead the pair to decline to the level of 1.43800 then 1.42300 , stability of trading below the level of 1.45690 necessary to achieve that .
USD/JPY :We expect for the pair U.S. dollar against the Japanese Yen a bearish intraday direction targets start at 89.100 and require the daily closing below 91.050 to prevail.
ositive signs are appearing on momentum indicators for the pair U.S. dollar against the Japanese Yen may push it to retest the level before resuming the bearish direction for today targeting 89.560 then attempting to pave the way towards 89.200 .
