Archive for July 12th, 2010

USD/JPY Technical Analysis 12 July 2010

USD/JPY 88.74 – 12 July 2010
USD/JPY Open 88.65 High 89.13 Low 88.37 Close 88.56
On Friday Dollar/Yen continued increasing slightly, matching the positive Interbank sentiment at nearly +20%. The currency couple rose from 88.37 to 88.74 on Friday, closing the week at 88.56. This morning ascending continued up to 89.13, from which point the pair started …

GBP/USD Technical Analysis 12 July 2010

GBP/USD 1.4985 – 12 July 2010
GBP/USD Open 1.5068 High 1.5200 Low 1.4948 Close 1.5059
After partial recovery, on Friday Pound/Dollar started decreasing, in converse with the Interbank sentiment at nearly +14%. The Cable at first climbed to 1.5200 on Friday, from where it started descending down to 1.5054, closing the week at 1.5059. Today dropping continued. …

iFOREX.bg – Daily Forecast 12 July 2010

EUR/USD Sell at 1.2608 SL 1.2640 TP 1.2531

USD/JPY Sell at 89.11 91 89.43 TP 88.39

GBP/USD Sell at 1.5030 SL 1.5062 TP 1.4942

USD/CHF Buy at 1.0554 SL 1.0522 TP 1.0638

EUR/USD Technical Analysis 12 July 2010

EUR/USD 1.2608 – 12 July 2010
EUR/USD Open 1.2644 High 1.2719 Low 1.2587 Close 1.2635
On Friday Euro/Dollar continued climbing at first, than dropped, loosing all gains for the last 2 days. The European currency appreciated to 1.2719 on Friday, in line the Interbank sentiment projection, at nearly +2%, than depreciated down to 1.2616, closing the week …

GBPUSD has reached lower boundary of price channel

GBPUSD has reached the lower boundary of the rising price channel on 4-hour chart. As long as the channel support holds, the fall from 1.5240 is treated as consolidation of uptrend from 1.4346, and another rise to 1.5400 is still possible. On the downside, a clear break below the channel support …