Technical Analysis 27/08/2010 FXCBS

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Friday August 27 , 2010

Previous session overview

The pair Eurp against the U.S. dollar traded during the Asia session between the lowest level at 1.26925 and the highest level at 1.27311 , the pair trading now around the level of 1.27256.

Regarding to the pair Sterling against the U.S. dollar also traded during the Asia session between the lowest level 1.55050 and the highest level at 1.55351 , the pair trading now around the level 1.55112.

Finaly the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest leve at 84.271 and the highest level at 84.791 , the pair trading now around the level of 84.751.

Market Expectations

EUR/USD : etermined indicators for the pair Euro against the U.S. dollar show negative sign which may lead the pair today to decline to the level 1.26160 and if it can penetrate it, maybe the pair can reach the level 1.25250.




GBP/USD : The pair Sterling against the U.S. dollar traded in a narrow range during the Asia session but the pair could stability under the level 1.55300 during that’s session, so we expect some fluctuation around the level 1.55000 then fall to the level 1.54340 then 1.53850.



USD/JPY : etermined indicators for the pair U.S. dollar against the Japanese Yen start show negative sign , that make us expect a decline for the pair to the level of 83.850 then to the level 83.350 , these expectation require stability of the trading below the level of 85.250.




Senior Analyst / Ali Hasan /FXCBS

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