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Technical analysis >  FOREX COMMENTARY 28.07.2004
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*profi-forex*



Joined: 10 Apr 1980
Posts: 0

PostPosted: Wed Jul 28, 2004 12:58 pm    Post subject: quote

26.07.2004 (02.45 am US TIME)


USD/JPY(CURRENT LEVEL 111.06) - YESTERDAY`S RALLY ABOVE 110.30 PUSHED USD HIGHER TO 111.17. NEXT RESISTANCE AT 111.40 ABOVE THAT WE SHOULD SEE 112.00 AND 113.00 REGION, BUT TRADERS COULD TAKE PROFIT BEFORE 31.07.2004. WATCH MARKET CAREFULY.

EUR/USD(CURRENT LEVEL 1.2057) - BETTER THAN EXPECTED US CONSUMER CONFIDENCE PUSHED USD TO 1.2035 (SUPPORT AT 1.2060 WAS BREAKEN). PROBABLY WE SHOULD SEE TEST 1.1950 REGION, RESISTANCE 1.2100/30.

USD/CHF(CURRENT LEVEL 1.2753) - AS WE EXPECT USD/CHF TESTED YESTERDAY 1.2750. NEXT TARGET IS 1.2840, SUPPORT 1.2670.

GBP/USD (CURRENT LEVEL 1.8223) - STRONG SELL OFF AFTER US DATA - WE TESTED 1.8200. TODAY POSSIBLE IS BOUNCE TO 1.8280/1.8300, NEXT TARGET IS 1.8000/50 .
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