Technical Analysis 12/05/2010 of FXCBS
Wednesday May 12 , 2010
Previous session overview
The euro dollar pair fell in the Asian session recording a low of
1.26053 and a high of 1.26681, having the union currency trading around
1.26286.
Regarding the pound dollar pair, it dropped in the Asian session
recording a low of 1.48607 and a high of 1.49715, having the royal
currency trading around 1.48909.
Finally, the American dollar fell against the yen for the second
straight day recording a low of 92.442 and a high of 92.932, and the
pair is currently trading around 92.609.
Market Expectations
EUR/USD : We expect today a declining for the pair Euro against
the U.S. dollar to start with breakthrough for the support level at
1.26000, which will lead the pair to fall to the level of 1.25180 then
1.24320, stability of trading below the resistance level at 1.27970 is
necessary to achieve these expectations.
GBP/USD : Determined indicators are close
to saturation levels in the procurement process for the pair sterling
against the U.S. dollar, which may lead the pair to fall to the level of
1.46600, this decline will start after breakthrough of the support
level at 1.48060.
USD/JPY : The support level of 92.30 is
maintaining its stance in front of the pair's attempts to descend, so we
expect a fraction for this level will leads the pair to the level of
91.450 stability of trading below the level of 93.00 necessary to
achieve that.
Senior Analyst / Ali Hasan /FXCBS
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Forex ECN
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Previous session overview
The euro dollar pair fell in the Asian session recording a low of
1.26053 and a high of 1.26681, having the union currency trading around
1.26286.
Regarding the pound dollar pair, it dropped in the Asian session
recording a low of 1.48607 and a high of 1.49715, having the royal
currency trading around 1.48909.
Finally, the American dollar fell against the yen for the second
straight day recording a low of 92.442 and a high of 92.932, and the
pair is currently trading around 92.609.
Market Expectations
EUR/USD : We expect today a declining for the pair Euro against
the U.S. dollar to start with breakthrough for the support level at
1.26000, which will lead the pair to fall to the level of 1.25180 then
1.24320, stability of trading below the resistance level at 1.27970 is
necessary to achieve these expectations.
GBP/USD : Determined indicators are close
to saturation levels in the procurement process for the pair sterling
against the U.S. dollar, which may lead the pair to fall to the level of
1.46600, this decline will start after breakthrough of the support
level at 1.48060.
USD/JPY : The support level of 92.30 is
maintaining its stance in front of the pair's attempts to descend, so we
expect a fraction for this level will leads the pair to the level of
91.450 stability of trading below the level of 93.00 necessary to
achieve that.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN
Broker , Currency
Online Trading , Low
Spread , Free
Trading Software
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