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Technical analysis >  FOREX COMMENTARY 18.08.2004
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*profi-forex*



Joined: 10 Apr 1980
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PostPosted: Wed Aug 18, 2004 3:27 pm    Post subject: quote

18.08.2004 (04:10am US Time)


USD/JPY (CURRENT LEVEL 109.84 ) - SUPPORT AT 110.30 DIDN`T HOLD THATS WHY COURSE FALL BELOW 110.00. THE NEAREST SUPPORT 109.70, WHEN WE BREAK THIS REGION, WE COULD SEE 109.10/45. WEAK BRENET HELP JPY.

EUR/USD (CURRENT LEVEL 1.2324) – AT THIS MOMENT WE HAVE RANGE: 1.2315 – 1.2385. WE DON`T EXCLUDE TEST 1.2280/1.2300 REGION, BUT ON THE END OF THE WEEK WE SHOULD BREAK 1.2385 REGION.

USD/CHF (CURRENT LEVEL 1.2452 ) - SUPPORT AT 1.2370, RESISTANCE 1.2480 – 1.2500. WE EXPECT TO BREAK ABOVE-MENTIONED SUPPORT LATER THIS WEEK ABD FALL TOWARDS 1.2300. WATCH MARKET CAREFULLY.


GBP/USD (CURRENT LEVEL 1.8273) – GBP TESTED SUPPORT AT 1.8240/60. NOW WE CANNOT EXLUDE FALL TO 1.8220 AND EVEN 1.8180. ONLY RISE ABOVE 1.8405 REGION WILL PERMIT TO RISE TO 1.8450 AND EVEN 1.8550.
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