Monday, October 16, 2006

Forex analysis...

EUR-USD

EUR - while above 1,2475-80 ( 200 dma ) possible rise twds 1,2580-1,2620, below 1,2475 possible 1,2350 target, stand aside at this moment…

No positions



GBP-USD

Resistance near 1,8620-40, support 1,8510-30, try to sell on rally twds 1,8640-60 for 1,8510-30 for half position and 1,8250 further out.

No positions


USD-JPY

Technically still prefer long while 118,60 and 119,20 holds, but after today’s commentary from Russia Central bank, we could see stronger correction, wait and watch…

No positions…


EUR-JPY

Bearish bias while below 150,25-75 level ( basis on a daily close ), strong support near 149, but in my opinion after Russia Central Bank commentary, could be broken very easy, targets 148,35-50 then 146…

Holding short positions avg. 149,28 for 148,50 first and 146 second target…


CAD-JPY

Consolidation 104,00-106,00, daily close below 104 is needed to move down twds 200 dma at 102,50, while oil prices below 60 usd bigger chances for bears, sell rally for move down first target 104,00 second 102,50,

no positions

In my opinion today better to wait for Bernanke for Yellen and for Poole , watch daily close, eventually small jpy long positions vs. Eur,cad,chf….


GOOD LUCK and GOOD TRADE
Piotr

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