Technical analysis for January 28, 2010

The pre-planned break-out variant for buyers has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked preserved minimal priority of bullish party activity, regardless of sign of rate overbought, gives grounds for choosing bullish direction in planning trading operations for today. Hence and considering descending direction of indicator, can assume probability of rate return to close 1,0460/80 support, 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 1,0520/40, 1,0580/1,0600 and (or) further break-out variant up to 1,0640/60, 1,0700/20. The alternative for sales will be below 1,0400 with the targets of 1,0340/60, 1,0280/1,0300.

GBP

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked preservation of close parity of both party activity, suggests further rate range movement. Hence, we can assume probability of another test of close 1,6240/60 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 short-term sales on condition of the formation of topping signals the targets will be 1,6180/1,6200, 1,6120/40, 1,6060/80 and (or) further break-out variant up to 1,6000/20, 1,5940/60, 1,5860/80. The alternative for buyers will be above 1,6300 with the targets of 1,6360/80, 1,6440/60.

JPY

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked relative rise of bullish activity, suggests at least rate rise incompleteness period, however, with no clear choice of planning priorities for today. Hence, we can assume probability of reaching Senkou Span B line in Ichimoku indicator at 90,40/60 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 89,80/90,00, 89,00/40 and (or) further break-out variant up to 88,40/60, 87,80/88,00. The alternative for buyers will be above 91,00 with the targets of 91,40/60, 92,00/20.

EUR

The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked no clear bullish counteraction on relative rise of sales activity, suggests priority of bearish direction in planning trading operations for today. Therefore, at this point, considering ascending direction of indicator chart, we can assume probability of rate return to 1,4040/60 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 1,3980/1,4000, 1,3900/40 and (or) further break-out variant up to 1,3840/60, 1,3740/80, 1,3600/40. The alternative for buyers will be above 1,4120 with the targets of 1,4160/80, 1,4220/40.