Technical analysis for January 13, 2010

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked having marked fall in activity of both parties as a sign of further rate range movement gives grounds for preservation of earlier designed trading plans practically unchanged. Namely, we can assume probability of rate reurn to channel line 1 at 1,0200/20 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 1,0140/60, 1,0080/1,0100 and (or) further break-out variant up to 1,0020/40, 0,9960/80, 0,9900/20. The alternative for buyers will be above 1,0260 with the targets of 1,0300/20, 1,0360/80.

GBP

The pre-planned long positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties does not clarify the choice of planning priorities for today. Therefore, considering rate position above Ichimoku cloud as a positive sign confirming bullish direction of planning trading operations for tday, we can assume probability of rate return to channel line 1 at 1,6140/60, 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 1,6200/20, 1,6280/1,6320 and (or) further break-out variant up to 1,6360/80, 1,6420/40, 1,6480/1,6500. The alternative for sales will be below 1,6100 with the targets of 1,6040/60, 1,5980/1,6000.

JPY

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked bearish party priority gives grounds for choosing sales in planning trading operations for today. Therefore, considering ascending direction of indicator chart, we can assume probability of rate correction with attainment of 91,20/40 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 short-term sales on condition of the formation of topping signals the targets will be 90,60/80 and (or) further break-out variant up to 90,00/20, 89,40/60. The alternative for buyers will be above 91,80 with the targets of 92,20/40, 92,80/93,00.

EUR

The earlier opened and held positions had a positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties does not clarify the choice of planning priorities for today. Therefore, considering the chosen strategy we can assume probability of further rate range movement with another test of 1,4440/60 support 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 short-term buying positions on condition of the formation of topping signals the targets will be 1,4500/20, 1,4560/80 and (or) further break-out variant up to 1,46620/40, 1,4680/1,4700. The alternative for sales will be below 1,4370 with the targets of 1,4300/20, 1,4200/40.