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Technicals

Technical analysis for July 03, 2008

02 Jul, 2008 @ 03:00 pm EST
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CHF

The pre-planned buyers' positions from the key supports have been realized with attainment of main assumed targets. OsMA trend indicator having marked the preservation of low activity of both parties continues to support the perspectives of further range movement of the rate without clearness in a choice of planning priorities for today. Hence and because of ascending direction of indicator chart, we assume a possibility of test of the nearest resistance range 1.0180/1.0200, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.0120/40, 1.0090/1.0200 and/or further breakout variant up to 1.0050/60, 1.0000/20. An alternative for buyers will be above 1.0240 with the targets 1.0280/1.0300, 1.0330/50.

GBP

The pre-planned breakout variant for sells has been realized but without attainment of minimal targeted levels within previous trading day. OsMA trend indicator having marked the break of key supports with a relative rise of sell activity because of chosen strategy gives grounds to presume incompletion of bearish development. Taking into account the existent advantage from bearish party, we assume a possibility of pair return to resistance levels 1.9940/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.9880/1.9900, 1.9820/40, 1.9780/1.9800 and/or further breakout variant up to 1.9720/40, 1.9640/60. An alternative for buyers will be above 2.0020 with the targets 2.0060/80, 2.0140/60, 2.0200/20.

JPY

The pre-planned breakout variant for sells has been realized but without attainment of assumed targets within previous trading day. OsMA trend indicator having marked the activity parity of both parties does not give clearness to a choice of planning priorities for today. Though because of chosen strategy with presumptions about possible range movement of the rate, we assume a possibility of pair return to supports 105.70/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers' positions on condition of formation of topping signals the targets will be 106.10/30 and/or further breakout variant up to 106.60/70, 107.00/20. An alternative for sells will be below 105.40 with the targets 105.00/10, 104.40/60, 104.00/20.

EUR

The pre-planned sells from the key resistance range have been realized with attainment of main assumed target. OsMA trend indicator having marked the lack of progress of bullish activity as well as strengthening of activity level of bearish counteraction with a feature of close activity parity of both parties does not give grounds to choose planning priorities for today. Hence and because of presumptions about perspectives of range movement of the rate, we assume a possibility of pair return to supports 1.5830/50, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers' positions on condition of formation of topping signals the targets will be 1.5880/90, 1.5910/20 and/or further breakout variant up to 1.5960/80, 1.6000/20. An alternative for sells will be below 1.5760 with the targets 1.5700/20, 1.5660/80.

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