Archive for July 29th, 2010

USD/JPY Technical Analysis 29 July 2010

USD/JPY 87.21 – 29 July 2010
USD/JPY Open 87.45 High 88.10 Low 87.03 Close 87.47
Dollar/Yen decreased on Wednesday, losing part of the gains from the previous day, in line with the negative Interbank sentiment at nearly -5%. The currency couple depreciated from 88.10 to 87.30 yesterday, closing the day at 87.47. Today the bears pulled further …

GBP/USD Technical Analysis 29 July 2010

GBP/USD 1.5612 – 29 July 2010
GBP/USD Open 1.5599 High 1.5634 Low 1.5567 Close 1.5597
On Wednesday Pound/Dollar continued with slight ascending, in line with the positive Interbank sentiment at around +13%. The Cable appreciated from 1.5567 to 1.5634 yesterday, closing the day at 1.5597. Today the pair is moving hesitantly for now. On the 1 hour …

iFOREX.bg – Daily Forecast 29 July 2010

EUR/USD Buy at 1.2988 SL 1.2956 TP 1.3065

USD/JPY Sell at 87.30 87 87.62 TP 86.58

GBP/USD Buy at 1.5591 SL 1.5559 TP 1.5679

USD/CHF Sell at 1.0578 SL 1.0610 TP 1.0494

EUR/USD Technical Analysis 29 July 2010

EUR/USD 1.2997 – 29 July 2010
EUR/USD Open 1.2994 High 1.3038 Low 1.2971 Close 1.2995
On Wednesday the Euro/Dollar continued with the tentative and within a range movements. The European currency depreciated from 1.3038 to 1.2971 yesterday, not exactly matching the neutral Interbank sentiment projection, at around +5%, closing the day at 1.2995. This morning the pair …

USDJPY’s bounce extended to 88.11

USDJPY’s bounce from 86.26 extended to as high as 88.11 level. Further rise towards the upper boundary of the falling price channel on 4-hour chart is still possible, and next cycle top is nearing. Key support is at 86.80, a break below this level will indicate that a cycle top has …