Archive for July 1st, 2010

USD/JPY Technical Analysis 1 July 2010

USD/JPY 88.69 – 1 July 2010
USD/JPY Open 88.45 High 88.76 Low 88.09 Close 88.43
On Wednesday Dollar/Yen traded with low volatility, not matching the very negative Interbank sentiment at nearly -70%. The currency couple depreciated from 88.76 to 88.36 yesterday, closing the day at 88.43. Today the pair renewed descending down to 88.09. On the 1 …

GBP/USD Technical Analysis 1 July 2010

GBP/USD 1.4914 – 1 July 2010
GBP/USD Open 1.4943 High 1.5073 Low 1.5018 Close 1.4940
On Wednesday Pound/Dollar decreasing resumed, not exactly matching the weak negative Interbank sentiment at only around -1%. The Cable depreciated from 1.5073 to 1.4933 yesterday, closing the day at 1.4940. Today the pair is making further descending efforts. On the 1 and …

iFOREX.bg – Daily Forecast 1 July 2010

EUR/USD Sell at 1.2233 SL 1.2265 TP 1.2156

USD/JPY Sell at 88.42 91 88.74 TP 87.70

GBP/USD Sell at 1.4952 SL 1.4984 TP 1.4864

USD/CHF Sell at 1.0764 SL 1.0796 TP 1.0680

EUR/USD Technical Analysis 1 July 2010

EUR/USD 1.2221 – 1 July 2010
EUR/USD Open 1.2229 High 1.2297 Low 1.2169 Close 1.2232
After the sharp descend at the beginning of the week, on Wednesday Euro/Dollar adjusted upwards. The European currency rose from 1.2169 to 1.2297, in line with the Interbank sentiment projection, at around +4%, closing the day at 1.2232. This morning movements are …

GBPUSD is forming a cycle top at 1.5128

GBPUSD is forming a cycle top at 1.5128 level on 4-hour chart. Key support s now at the lower border of the rising price channel, now at 1.4910, a clear break below the channel support will confirm the cycle top and indicate that the uptrend from 1.4346 is complete, then the …