Technical analysis on EU,GU and major pairs

[johny5]

EUR/USD Intraday Important Levels for January 2, 2012

TODAY's TECHNICAL LEVELS:

Breakout BUY Level : 1.3007.

Strong Resistance : 1.2999.

Original Resistance : 1.2987.

Inner Sell Area : 1.2975.

Target Inner Area : 1.2944.

Inner Buy Area : 1.2913.

Original Support : 1.2901.

Strong Support : 1.2888.

Breakout SELL Level : 1.2881.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.2901 and 1.2987 and is accompanied by a strong support at 1.2888 and 1.2999 for the strong resistance; If today the EUR/USD is able to break out and close below the 1.2881 level, then this will indicate considerable Bearish strength, while if the EUR/USD today breaks out and closes above the 1.3007 level, then this will denote considerable Bullish strength. Alternatively you can trade in a way to open BUY position at the level of 1.2913 and 1.2975 for SELL position, in which case both targets will be placed at the 1.2944 level.

Performed by Arief Makmur, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis & Trade Recommendations for January 2, 2012

GBP/USD currently is in a mid-term downtrend presented in the yellow channel marked on the chart.

Today the pair has broken the short-term uptrend presented in the violet channel marked on the chart.

Now the pair is testing the upper limit of the yellow channel which is acting as resistance for the pair, failing to break and close above.

This indicates a SHORT opportunity for intraday traders at the current prices with SL above 1.5555.

TP levels should be located at 1.5502, 1.5485, 1.5480 then 1.5430.

Performed by Mohamed Samy, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-03

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.3000 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3130.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3000 with the 1st objective of 1.3050, then 1.3080. A break at 1.2980 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-03

The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.5570 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel at 1.5730.

According to the recent events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5570 with the 1st target at 1.5640, then 1.5660. A break of 1.5550 can invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-04

The spot rate approaches to the upper limit of its medium term bearish channel at 1.3090 and seems to start a decline. However a break of these levels can free 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 at 1.3090 with the 1st objective of 1.3150, then 1.3180. A break at 1.3070 can invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-04

The spot rate broke the intermediate resistance of its medium term bearish channel at 1.5560 leading to acceleration. A pull back at these levels is expected before resumption of a bullish pace.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5560 with a 1st objective of 1.5630, then 1.5650. A break at 1.5540 will cancel the scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-05

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.2890 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1.2810.
According to previous events, the market indicates a bullish opportunity at the levels of 1.2890 with the 1st objective of 1.2950, then at 1.2970. A break of 1.2870 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-05

The spot rate broke through the intermediate resistance of its medium term bearish channel at 1.5570 leading to acceleration. A pull back at these levels is expected before resumption of bullish pace.
According to previous events, the market indicates a bullish opportunity at the levels of 1.5570 with the 1st objective of 1.5630, then at 1.5650. A break of 1.5550 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

EUR/USD Intraday Technical Analysis 2012-01-06

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.2760 suggesting a rebound. However, a break of these levels will cause a decline to the lower limit of this one to 1.2630.
According to the recent events, the market indicates a bullish opportunity at the levels of 1.2760 with the 1st objective of 1.2830, then at 1.2850. A break out at 1.2740 will change this scenario.

Performed by Albert Fitoussi, Analytical expert

 

[johny5]

GBP/USD Intraday Technical Analysis 2012-01-06

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.5460 suggesting a rebound. However, a break of these levels would entail a decline to the lower limit of this one to 1.5360.
According to previous events, the market indicates a bullish opportunity at the levels of 1.5460 with the 1st objective of 1.5530, then of 1.5550. A break at 1.5440 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert