Tue, Jun 30 2009, 00:31 GMT
by Mohamed I El Shall
4XTechnicales.com | View company's profile
The pair of currency is heading now up to its upper side boundary for the non trending rectangle at 1.6621. The break of this level will open the way for GBPUSD to see its important resistance level at 1.6755. But on the other hands we can see a bearish divergence on the four hours time frame, which might be the reason for the pair of currency to go down again testing the pivot support at 1.6200. For today we need to see either a close above 1.6621 or a close 1.6427 so we may enter a short trade with a stop loss at 1.6621 and a take profit target at 1.6200. Important levels are on the chart.
For EURUSD as we mentioned on our current week technical outlook the pair is heading north targeting 1.4266 then 1.4338 as long as it stays above 1.3888. For today we will buy EURUSD from 1.4011 with a top loss at 1.3888. Important levels are on the chart.
USDCHFCHF against US dollar still on neutral phase as long as it stays inside its trading range from 1.0985 till 1.0631. The pair of currency need to close outside these boundaries so we can trade on breakout direction. Important levels are on the chart.
USDJPYUSDJPY went up yesterday. We think it will test its important resistance level at 96.57 before going down again targeting its important support level at 95.03. we will short the pair of currency from 96.57 with a stop loss at 97.18 targeting 95.03Important levels are on the chart.
Published on Tue, Jun 30 2009, 00:35 GMT
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