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Waluty: Currency market commentary

02.07.2009 09:42 czwartek

EURUSD

After falling from 1,4190 this pair's slides shall be halted at 1,4080 , at least. So for today We are suggesting to open longs at 1,4075 with stop loss not more than 40 pips and targets at 1,4130 and then 1,4190. As We recommended yesterday, breaking 1,4190 may lead this currency cross even to 1,4260.   In case breaking level of 1,4030 may boost further declines to 1,3990. The main upward trend shall be kept and breaking 1,4260 may drive this pair up to 1,4330.

GBPUSD

Strategy of longs shall be the most favorable for today as this pair won't break 1,6240 .For today We suggest opening longs at 1,6370  with a target at 1,6430 or 1,6500.  This bullish strategy shall be revised in case breaking strong support  at 1,6240 what shall be read as beginning of next downward movement reaching 1,6030.

USDCHF

 But in short – term future We perceive a further declines to 1,0710  but firstly opening shorts at 1,0810 shall be recommended.

Cashing positions at 1,0760 and  then 1,0710 would be preferable.  breaking the level of 1,0850 shall be treated as a temporary jump up to 1,0910/60. 

USDJPY

This pair is likely to move up to 96,90 where opening shorts shall be recommended with 30 pips stop loss and profit taking at 96,40 and then 96,00. I n case breaking 97,30 the upward wave may reach even 99,50.But adversely, declines below 95,90 may deepen down to 95,30.

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