Technical Analysis 28/09/2010 FXCBS

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Tuesday September 28 , 2010

Previous session overview

The pair Euro against the U.S dollar traded during the Asia session between the highest level at 1.34716 and the lowest level at 1.33864, the pair trading now around the level of 1.33956.

The pair Sterling against the U.S dollar traded during the Asia session between the highest level at 1.58428 and the lowest level at 1.57800, the pair trading now around the level of 1.57800.

Finally the pair U.S. dollar against Japanese Yen traded during the Asia session in a narrow range between the lowest level at 84.151 and the highest level at 84.341 , while the pair trading now around the level of 84.227.


Market Expectations

EUR/USD : The pair Euro against the U.S. dollar complete it’s correction around the level of 1.33770 , determined indicators start showing saturation in the selling process which may lead the pair to return to rise up again to the level of 1.34940 then 1.35400.



GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar showing saturation in the selling process so we expect today un up trend to the level 1.58450 then 1.59150 , stability of the trading above the level of 1.57250 necessary to achieve these expectations .



USD/JPY : The pair is witnessing more negative pressure as it touches 38.2% Fibonacci correction around 84.700 we can expect a bullish intraday direction that will start targets at 85.850 then 87.000, which require the daily closing above 84.00 to continue.





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