Archive for July 16th, 2010

USD/JPY Technical Analysis 16 July 2010

USD/JPY 87.02 – 16 July 2010
USD/JPY Open 87.38 High 88.39 Low 86.97 Close 87.41
On Thursday Dollar/Yen continued to drop strongly, in line with the negative Interbank sentiment at nearly -5%. The currency couple depreciated from 88.39 to 87.26 yesterday, closing the day at 87.41. This morning descending extended down to 86.97. On the 1 hour …

GBP/USD Technical Analysis 16 July 2010

GBP/USD 1.5416 – 16 July 2010
GBP/USD Open 1.5436 High 1.5464 Low 1.5235 Close 1.5453
On Thursday Pound/Dollar continued rising with just over 200 pips, in line with the positive Interbank sentiment at nearly +20%. The Cable appreciated from 1.5235 to 1.5464 yesterday, closing the day at 1.5453. Today the pair seems to be consolidating for now. …

iFOREX.bg – Daily Forecast 16 July 2010

EUR/USD Buy at 1.2890 SL 1.2858 TP 1.2967

USD/JPY Buy at 86.98 SL 86.66 TP 87.70

GBP/USD Buy at 1.5392 SL 1.5360 TP 1.5480

USD/CHF Sell at 1.0448 SL 1.0480 TP 1.0364

EUR/USD Technical Analysis 16 July 2010

EUR/USD 1.2904 – 16 July 2010
EUR/USD Open 1.2918 High 1.2953 Low 1.2707 Close 1.2936
On Thursday Euro/Dollar continued rising significantly. The European currency appreciated from 1.2707 to 1.2953 yesterday, not exactly matching the weak positive Interbank sentiment projection, at nearly +5%, closing the day at 1.2936. This morning the pair is consolidating so far. On the …

USDJPY broke below 88.00 key support

USDJPY broke below 88.00 key support, suggesting that a cycle top has been formed at 89.15 level on 4-hour chart. Now the fall from 89.15 is treated as resumption of downtrend from 92.88 (Jun 4 high). Deeper decline is still possible later today and next target would be at 86.00 area. …