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Majors for today

Posted on September 16, 2008 at 11:44 in Short-Term Analysis by Valeria Bednarik

The Eur/Usd is quoting around 1.4200, and slightly bearish in 4 hours charts, yet moving in a tight range between 1.4180/1.4280. Above first resistance for today, the zone around 1.4235, the pair will try to test the 1.4282 zone that, if broken could trigger further upside movements denying the bearish view: from there next resistances will be the zone around 1.4330 and any confirmation above, will send the pair finally to the zone around 1.4380/90. A bearish opportunity could be trigger in the zone around 1.4165, that if reached, will mean a downside continuation first, to 1.4120 and finally the zone around 1.4080 that should hold for today.

 

The Gbp/Usd is bearish at the moment, with a first support around 1.7780, yet only a confirmation under 1.7747 could signal a continuation to the downside,first to the zone around 1.7675 and finally to 1.7610. Regarding resistances, 1.7860 will be the first to consider, followed by the congestion zone around 1.7900, above which, the pair could turn bullish for the rest of the day, targetting next upside zonea at 1.7944 and finally 1.8010.

The Usd/Jpy remains clearly bearish in bigger charts, and under actual minimum at 103.61, next support will be the zone around 103.38, followed by the zone around 103.05 and finally 102.60 where if reached, the pair should offer some interesting bullish rebound. To the upside, 104.10 104.45 and 104,90 will be the resistances to consider.

 

 

Tags: eurusd, gbpusd, usdjpy

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