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EURUSD Near its Yearly High

Sun, Jul 26 2009, 22:12 GMT
by Mohamed I El Shall

4XTechnicales.com


GBPUSD

The sterling against US dollar on med term is in up trend as long as it stays above 1.6310. Since taking out the important price level at 1.6376 on 15th July 2009. But on short term GBPUSD is correcting down after closing below 1.6431, the pair of currency needs to have an hourly close above 1.4682.

Trading Strategy: Buy at 1.6376 with a stop loss at 1.6300 and take profit 1.6478.

Resistances: 1.6478/1.6544/1.6600
Supports: 1.6376/1.6310/1.6265

GBPUSD 270709 IMP Levels

EURUSD

The pair is in up trend on both med and short term as long as it stays above 1.4120. A four hours close below that level will change pair’s direction to down. The fight between supply and demand forces for the pair is clear since it had been bouncing strongly between 1.4119 and 1.4291. A daily close above 1.4291 will bush the pair higher to test current year high at 1.4333.

Trading Strategy: Buy from 1.4199 To 1.4163 with a stop loss at 1.4100 and 1.4250 as target.

Resistances: 1.4250/1.4291/1.4333
Supports: 1.4199/1.4163/1.4119

EURUSD 270709 IMP Levels

USDJPY

After taking out the important price level at 94.50 on last week USDJPY had confirmed the up trend direction. The pair of currency has to stay above 93.50 in order to maintain its bullish direction. A four hours close below 94.57 would change pair’s directional bias to neutral.

Trading Strategy: Buy from 94.46 with stop loss at 94.24 and take profit at 95.00.

Resistances: 95.11/95.60/96.00
Supports: 94.46/93.86/93.51

USDJPY 270709 IMP Levels


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