Fri, 05th of June, 2009
By Setyo Wibowo (firstname.lastname@example.org)
The EURUSD made indecisive movement yesterday by opened and closed at almost the same price. On hourly chart below we can see that further bearish correction was rejectedÂ around key level 1.4050 area. However the bearish correction can not be said over yet and there might be another downside attempt today. I think we still in no trading zone. Immediate resistance is seen at 1.4240. CCI in neutral area both on hourly and h4 chart. Eyes on US Non Farm Payroll data today.
EURUSD Daily Supports and Resistances:
The GBPUSD continued it’s bearish correction yesterday. The pair bottomed at 1.6092 and closed at 1.6172. The pair keep moving lower at the time I wrote this comment, traded around 1.6130. The bias is bearish in nearest term but remains bullish in medium term. I think it’s better to stay away for now.Â Immediate support is seen at 1.6090 area. Break below that area could trigger further bearish momentum towards 1.5950. CCI about to cross the -100 line down on hourly chart suggesting a potential downside pressure. Eyes on US Non Farm Payroll data today.
GBPUSD Daily Supports and Resistances:
The USDJPY had a bullish momentum yesterday. The pair topped at 96.96 but failed to close above key level 96.60/70 area. Consistent move above that area should trigger further bullish momentum testing 97.25 area. The bias is neutral both in nearest and medium term. Immediate support is seen at 95.80. CCI about to cross the 100 line up on daily chart but about to cross 100 line down on h4 chart.
USDJPY Daily Supports and Resistances:
The USDCHF mad indecisive movement yesterday, formed a Doji formation on daily chart. On hourly chart below we can see that the pair still in upside correction phase. The bias is neutral in nearest term but remains bearish in medium term as long as the pair stay below 1.0810. Immediate support is seen at 1.0640 (yesterday’s low). CCI in neutral area on h4 chart. Eyes on US Non Farm Payroll data today.
USDCHF Daily Supports and Resistances:
Have a great day!