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الثلاثاء، 20 يوليو 2010

Daily Forex Analysis - 20/07/2010- Afternoon Edition

The analysis provides signals for buying and selling as well as Take Profit and Stop Loss levels.

Please find our FOREX UPDATE on EUR/USD, USD/JPY, GBP/USD:

EUR/USD intraday: under pressure.

Pivot: 1.2955

Our preference: Short positions below 1.2955 with targets @ 1.2775 & 1.2715 in extension.

Alternative scenario: Above 1.2955 look for further upside with 1.3025 & 1.307 as targets.

Comment: the pair is escaping from its bullish channel.

GBP/USD intraday: under pressure.

Pivot: 1.5245

Our preference: Short positions below 1.5245 with targets @ 1.5075 & 1.505 in extension.

Alternative scenario: Above 1.5245 look for further upside with 1.531 & 1.535 as targets.

Comment: the RSI is bearish and calls for further downside.

USD/JPY intraday: bullish bias above 86.65.

Pivot: 86.65

Our preference: Long positions above 86.65 with targets @ 87.15 & 87.35 in extension.

Alternative scenario: Below 86.65 look for further downside with 86.25 & 85.9 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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