Technical analysis for February 1, 2010

The pre-planned long positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked priority of bullish party, gives grounds for choosing bullish direction in planning trading operations for today. Therefore, at this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,0560/80 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for buying positions on condition of the formation of topping signals the targets will be 1,0620/40 and (or) further break-out variant up to 1,0680/1,0700, 1,0760/80, 1,0840/60. The alternative for sales will be below 1,0520 with the targets of 1,0460/80, 1,0400/20, 1,0340/60.

GBP

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked preservation of bearish party priority, suggests holding and priority of sales in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to close 1,0600/40 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for sales, on condition of the formation of topping signals the targets will be 1,5900/40 and (or) further break-out variant up to 1,5840/60, 1,5780/1,5800, 1,5700/40. The alternative for buyers will be above 1,6140 with the targets of 1,6180/1,6200, 1,6240/60, 1,6320/40, 1,6400/40.

JPY

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated targets. OsMA trend indicator, having marked preservation of close parity of both party activity in the bigger picture, does not clarify the choice of planning priorities for today. Therefore, considering rate position within the borders of Ichimoku cloud as signal of probable rate range movement, we can assume probability of rate return to close 89,80/90,00 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 90,40/60, 91,00/20 and (or) further break-out variant up to 91,40/60, 92,00/20. The alternative for sales will be below 89,00 with the targets of 88,20/40.

EUR

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked priority of bearish party development at the break of key supports, gives grounds for choosing sales in planning trading operations for today. At this point, considering ascending direction of indicator chart, we can assume probability of rate return to channel line 1 at 1,3900/20, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for sales, on condition of the formation of topping signals the targets will be 1,3840/60 and (or) further break-out variant up to 1,3780/1,3800, 1,3720/40, 1,3660/80. The alternative for buyers will be above 1,4010 with the targets of 1,4060/80, 1,4140/60.