Technical Analysis 14/07/2010 FXCBS

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Wednesday July 14 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded since the beginning of the trading today between the lowest price at 1.26912 and the highest price at 1.27360 , while the pair trading now around the level of 1.27152.

The pair Sterling against the U.S. dollar traded since the beginning of the trading today between the lowest price at 1.51684 and the highest price at 1.52907 , while the pair trading now around the level of 1.52448.

The pair U.S. dollar against the Japanese Yen traded since the beginning of the trading today between the lowest price at 88.388 and the highest price at 89.108 , while the pair trading now around the level of 88.541.

Market Expectations

EUR/USD : etermined indicators for the pair Euro against the U.S. dollar shows negative signs, which may lead the pair to make a corrective movement before continuing its rising move to the target of 1.27800 then to the level of 1.28140.



GBP/USD : Stability of the trading for the pair Sterling against the U.S. dollar above the level of 1.52000 open the way for the pair to achieve its goals at the level of 1.53000, some negative signs show through Stochastic indicator which may lead the pair to decline before continuing rising to the new target at 1.54000.




USD/JPY : Negative effect appearing on the pair U.S. dollar against the Japanese Yen through , so we expect a small corrective movement before the pair can return to penetrate the resistance level at 89.100 which will open the way for new up target at 89.560.



Senior Analyst / Ali Hasan /FXCBS

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