EUR/USD’s Facing a Choice

The planned breakout variant for sales has been realized with achievement of the minimum assumed target. OsMA trend indicator, having marked a substantial growth of bearish activity at the break of key supports, gives grounds to prefer choice of bearish direction for planning trades for today. Thus, presently, taking into account the ascending direction of the indicator chart, we assume a possibility of return to the nearest resistance levels at 0.9940/60, where it is recommended to evaluate activity development on the charts with smaller time frame. For sales on condition of formation of topping signals the targets will be 0.9880/0.9900 and/or further breakout variant up to 0.9820/40, 0.9760/80. Alternative for buyers will be above 1.0000 targeting 1.0040/60, 1.0100/20.

GBP

The planned short positions from the key resistance range have been realized with achievement of the basic assumed targets. OsMA trend indicator, having marked the close parity of both parties’ activity, gives grounds for assumptions about further range movement without any certainty in relation to the choice of priorities for today. On this basis, we assume a probability of achievement of Senkou Span B line of Ichimoku indicator at 1.5660/80, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term sales on condition of formation of topping signals the targets will be 1.5600/20, 1.5540/60, 1.5480/1.5500 and/or further breakout variant up to 1.5420/40, 1.5360/80, 1.5300/20. Alternative for buyers will be above 1.5740 targeting 1.5780/1.5800, 1.5860/80.

JPY

The planned long positions from the key supports have been realized with attainment of the minimum and basic assumed targets. OsMA trend indicator, having marked a relative growth of bearish activity at the breakout of the key supports, gives grounds to prefer sales for planning trades for today. Thus, presently, we assume a possibility of return to the nearest resistance levels at 83.80/90, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term sales on condition of formation of topping signals the targets will be 83.40/50 and/or further breakout variant up to 83.00/10, 82.60/70. Alternative for buyers will be above 84.50 targeting 84.80/90, 85.20/30.

EUR

The planned long positions from the key supports have been realized with achievement of the basic assumed targets. OsMA trend indicator, having marked a low level of activity of both parties, doesn’t provide any certainty in relation to choice of priorities for today. Thus, based upon assumptions about perspectives of further rate’s correction, we assume a possibility of its return to the nearest supports 1.3180/1.3200, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term long positions on condition of formation of topping signals the targets will be 1.3240/60 and/or further breakout variant up to 1.3300/20, 1.3360/80, 1.3420/40. Alternative for sales will be below 1.3100 targeting 1.3040/60, 1.2980/1.3000.