Forex Technical Analysis

The pre-planned buyers' positions from the key supports have been realized with attainment of minimal assumed target. OsMA trend indicator having generally marked the feature of incompletion of bearish activity does not give grounds to make a firm choice of planning priorities for today. Hence and because of presumptions about possible range movement of the rate, we assume a possibility of another test of the nearest supports 1.1500/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buyers' positions on condition of formation of topping signals the targets will be 1.1560/80, 1.1620/40 and/or further breakout variant up to 1.1680/1.1700, 1.1760/80, 1.1820/40. An alternative for sells will be below 1.1460 with the targets 1.1400/20, 1.1320/40, 1.1240/60.
GBP
Low activity of the parties as a result of previous trading day did not bring in any changes to earlier composed trading plans. As before without any priorities of planning direction choice and presumptions about possible range movement of the rate, we assume a possibility of test of upper boundary of Ichimoku cloud at 1.4720/40, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be will be 1.4640/60, 1.4580/1.4600 and/or further breakout variant up to 1.4520/40, 1.4460/80, 1.4380/1.4400. An alternative for buyers will be above 1.4810 with the targets 1.4860/80, 1.4940/60, 1.5000/20.
JPY
Low parties' activity as a result of previous trading day did not bring in any changes to earlier opened short positions. Hence as before because of presumptions about further range movement of the rate for opened sells the targets will be 99.60/80, 99.00/20 and/or further breakout variant up to 98.40/60, 97.80/98.00, 97.00/40. An alternative for buyers will be above 100.80 with the targets 101.20/40, 101.80/102.00.
EUR
The pre-planned short positions from the key resistance range have been realized with attainment of minimal assumed target. OsMA trend indicator having marked the feature of bullish incompletion with general activity parity of both parties gives grounds to presume further rate rise to the boundaries of Ichimoku cloud at 1.3220/40, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.3160/80, 1.3080/1.3100 and/or further breakout variant up to 1.3020/40, 1.2940/60, 1.2820/60. An alternative for buyers will be above 1.3360 with the targets 1.3400/20, 1.3460/80, 1.3540/80.