EUR
In the current technical situation on the market of the analyzed pair we have a tendency of rate movement within descending trading channel. OsMA trend indicator, having marked general situation of both parties low activity gives reasons for assumptions about the current minimal bearish activity advantage but with lack of reasons for choosing this direction as a planning priority. Hence and considering the assumptions about possible range rate movement and the current bullish development cycle we assume the possibility of rate return to channel signal “1” at 1.4060/80 range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.4000/20, 1.3920/40, 1.3800/20 and/or further breakout variant up to 1.3720/40, 1.3640/60, 1.3580/1.3600. An alternative for buyers will be above 1.4220 with targets 1.4280/1.4300, 1.4360/80, 1.4500/20.
CHF
The current market situation of the analyzed pair preserves in the short-term outlook ascending channel tendency but with signs of pair overbought and with lack of sustained bearish activity resistance. Hence we assume the possibility of the current situation preservation but considering the risk of situation change to bearish party. Hence and taking into account present bearish development cycle we assume the possibility of rate return to 1.0700/20 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.0760/80, 1.0840/60 and/or further breakout variant up to 1.0900/20, 1.0980/1.1000, 1.1120/40. An alternative for sells will be below 1.0540 with targets 1.0480/1.0500, 1.0400/20, 1.0360/80.
GBP
The current market situation of the analyzed pair has the signs of bearish tendency development but without definiteness in activity priority of either party. Moreover OsMA trend indicator, having marked in short-term outlook certain bullish activity advantage gives risks of sharp situation change in favor of buyers. Nevertheless supporting the chosen strategy based on assumptions about possible preservation of the current bearish tendency and bullish development incompleteness we assume the possibility of rate return to 1.4580/1.4600 range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.4480/1.4520, 1.4400/20, 1.4300/40 and/or further breakout variant up to 1.4220/40, 1.4160/80, 1.4080/1.4100. An alternative for buyers will be above 1.4720 with targets 1.4800/20, 1.4860/80, 1.4980/1.5000.
JPY
The current marked situation of the analyzed pair demonstrates signs of relatively strong bearish market. But this marks relatively high level of bullish party with a tendency of its strengthening within the presented version of ascending trading channel. Hence and considering the current cycle of bearish development according to OsMA version we assume the possibility of slight rate correction to 91.20/40 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 91.80/92.00, 92.40/60 and/or further breakout variant up to 93.00/20, 93.60/80, 94.40/60. An alternative for sells will be below 90.80 with targets 90.20/40, 89.60/80, 89.00/20.
