Archive for July 26th, 2010

USD/JPY Technical Analysis 26 July 2010

USD/JPY 87.19 – 26 July 2010
USD/JPY Open 87.51 High 87.71 Low 86.75 Close 87.43
Dollar/Yen resumed increasing on Friday, in converse with the negative Interbank sentiment at nearly +10%. The currency couple appreciated from 86.75 to 87.50 on Friday, closing the week at 87.43. Today the pair started descending sharply. On the 1 hour chart the …

GBP/USD Technical Analysis 26 July 2010

GBP/USD 1.5462 – 26 July 2010
GBP/USD Open 1.5419 High 1.5500 Low 1.5259 Close 1.5422
On Friday Pound/Dollar sharply rose, in line with the positive Interbank sentiment at nearly +11%, staying within this week’s range. The Cable appreciated from 1.5259 to 1.5439 on Friday, closing the week at 1.5422. Today the pair extended its gains up to …

iFOREX.bg – Daily Forecast 26 July 2010

EUR/USD Buy at 1.2904 SL 1.2872 TP 1.2981

USD/JPY Sell at 87.68 87 88.00 TP 86.96

GBP/USD Buy at 1.5437 SL 1.5405 TP 1.5525

USD/CHF Sell at 1.0541 SL 1.0573 TP 1.0457

EUR/USD Technical Analysis 26 July 2010

EUR/USD 1.2920 – 26 July 2010
EUR/USD Open 1.2887 High 1.2962 Low 1.2812 Close 1.2898
On Friday Euro/Dollar traded up and down, as the whole last week, but in narrower range. The European currency depreciated from 1.2962 to 1.2812 on Friday, not exactly matching the neutral Interbank sentiment projection, at around +2%, closing the week at 1.2898. …

USDJPY’s bounce extends to 87.71

USDJPY’s bounce from 86.26 extends to as high as 87.71. Further rally to 88.00-88.50 area to reach the next cycle top on 4-hour chart is still possible. Resistance is at the upper boundary of the falling price channel, now at 88.60, as long as the channel resistance holds, the price action …