Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Technical analysis 2011-12-05

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.3370 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1.3080.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3370 with a 1st objective of 1.3450, then 1.3470. A break in 1.3350 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-05

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.5560 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1.5280.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5560 with a 1st objective of 1.5640, then 1.5660. A break in 1.5540 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-06

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.3340 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1.3060.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3340 with a 1st objective of 1.3410, then 1.3450. A break in 1.3320 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-06

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.5550 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1.5280.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5550 with a 1st objective of 1.5620, then 1.5650. A break in 1.5530 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-07

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.3450 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3450 with a 1st objective of 1.3520, then 1.3550. A break in 1.3430 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-07

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.5650 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5700.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5650 with a 1st objective of 1.5700, then 1.5720. A break in 1.5630 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-08

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.3440 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3440 with a 1st objective of 1.3520, then 1.3550. A break in 1.3420 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-08

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.5720 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5720 with a 1st objective of 1.5780, then 1.5800. A break in 1.5700 would invalidate this scenario.


Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical analysis 2011-12-09

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.3270 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1.2990.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3270 with a 1st objective of 1.3320, then 1.3340. A break in 1.3250 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical analysis 2011-12-09

The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.5605 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1.5540.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5605 with a 1st objective of 1.5680, then 1.5700. A break in 1.5585 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert