BFI: Currency market commentary

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BFI: Currency market commentary

18.06.2009 10:03 Thursday

EURUSD

Today commentary on this pair has no much more difference from yesterday projection as the market situation is seen as an unchanged. Breaking the level at 1,3990 may indicate further gains up to 1,4030 or even 1,4120. While slide below 1,3850 may be halted not earlier than at 1,3730.

GBPUSD

The market created a significant resistance at 1,6480 which shouldn't be broken to keep range 1,6200 – 1,6480. In case strong upward movement , this pair is perceived to test 1,6570. The strategy of opening longs at 1,6240 seems to be reasonable.

USDCHF

 The trading still shall be curbed between 1,0760 – 1,0830 . Any upward movement shall be used for shorts firstly at 1,0880 and then 50 pips higher.

USDJPY

On this pair We are observing a stabilization in area 95,60 – 96,40. The perfect level for any long should be seen at 94,40. In case breaking 96,40   testing 98,30 is highly expected.

 

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