Archive for June, 2010
Forex4you Technical Analysis 30/06/10
EUR/USD: Technical Analysis The former forecasts came true. The price tumbled down to 1.2150/60/40, which was mentioned yesterday, but thereupon the bounce out of the support at 1.2155 upturned to 1.2220/10, where exactly it currently resides. The indicators don’t give a handle for presuming the reversal upward still yet as they prefer downgrading. Though, if the resistance at 1.2250 is overwhelmed it will be necessary to refrain from selling and consider the possibility of the “bearish” scenario’s implementation. Nevertheless, until the “Bears” predominate the market the expectances of the price comeback to 1.2150/60 is much more probable. Moreover, as long as this support is breached the near-term checking up of 1.2060/70/50 may be taken into account. Otherwise, the alternative scenario will be expedient subject to the fixation of the price above 1.2240/50, as mentioned before. GBP/USD: Technical Analysis The yesterday mentioned forecasts concerning the failure in the first attempt of price overwhelming the support at 1.5020-1.4990 came true. Thereupon the checking up of 1.5020/15 the price rolled back upward and was consolidating just below the resistance at 1.5100/1.5090 for a long time. Another like attempt is currently being observed. Thereupon the endurance checkup of 1.4990/80 the price has returned to 1.5030/40, where exactly it currently resides. The indicators have changed its preferences for “bearish” after all. However, the change of move to downgrading will be confirmed with the breach of that most decisive obstacle – the support at 1.5020-1.4990, which has just withstood another attack. In other words, all previous presumptions keep their relevance: if this obstacle on the way down is over passed it will be possible to take the long term “bearish” trend as renewed and the next support will be at 1.4920/00. However, there’s a high probability of comeback to upturn until the breach of the above mentioned range of support. The first essential resistance above the local maximum of 1.5120 will be at 1.5170/60. USD/JPY: Technical Analysis The previously mentioned target at 88.20/30 has been achieved, and the pair is currently consolidating next to this support at 88.60/50. The indicators ahead prefer the “bearish” trend, and that greatly proves the former forecasts conditional upon breaching of 8.20/30. It means the high probability of price sagging down to the new annual minimums, 87.70 and 87.30/40, keeps in force still yet. However, both the present slight diffidence at the indicators and the steadiness of this support warn about possible cease and sideways trading for a while. Analysis by: Forex4you.com written by Arkady Nagiev Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Forexpros Daily Analysis - 30/06/2010
ForexPros Daily Analysis June 30, 2010 Fundamental Analysis : ISM Manufacturing Index Traders of the US anticipate the publication of the Institute of Supply Management (ISM) Manufacturing Index. It tracks the amount of manufacturing activity that occurred in the previous month. This data is considered a very important and trusted economic measure. If the index has a value below 50, due to a decrease in activity, it tends to indicate an economic recession, especially if the trend continues over several months. A value substantially above 50 likely indicates a time of economic growth. The ISM index is the result of a monthly survey of over 400 companies in 20 industries throughout the 50 states. The ISM’s leading quality has been proven over time. During a recession, the ISM’s bottom may precede the turning point for the economic cycle by some months. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a future reading of 59.00. — Euro Dollar The Euro broke the support specified in yesterday’s report 1.2240, and dropped as expected, and reached the first suggested target 1.2170, successfully! This drop, and its reaching Fibonacci 50% for the medium term (yesterday’s target) confirms that we are –at least- in the middle of a downward correction, with its ideal target at 1.2100. But if we add to this, the fact that this drop came after the failure to break the top of the descending channel, we can see that this is also negative for the medium term as well, and we would conclude that this drop is not just a correction! We wonder: what’s after Fibonacci 50%? Today’s support is at Fibonacci 61% for the short term at 1.2186, and if broken, we will fall to test the most important Fibonacci level: The ideal target, 61.8% at 1.2100, which is the most important medium term support, if this one is broken as well the target will be 1.2006. The resistance is at 1.2312, and only with a break above here, this pair will improve its negative technical outlook for the short term. If broken, we will target 1.2396 once again, and if this one is also broken, we will be on the way to 1.2519. Support: • 1.2186: Fibonacci 61.8% for the short term. • 1.2100: Fibonacci 61.8% for the whole rising move from this cycle’s low to last week’s high. • 1.2006: June 8th high. Resistance: • 1.2312: the top of the falling channel on the hourly chart. • 1.2396: the weekly high so far. • 1.2519: May 6th low. — USD/JPY The Dollar/Yen continued to drop slowly, a bit faster than usual yesterday, in yet another confirmation that the bears are beating the bulls! USDJPY broke the support specified in yesterday’s report 88.67, and reached a new bottom for this recent falling trend at 88.27 without being able to meet our suggested target 87.99. This confirms the negative technical outlook we have seen lately. And we believe it will persist as long as we are trading below the falling trend line from June 14th top, which is currently at 90.51. Short term support is at 88.48, and breaking it will be another evidence that we are going down. This break will target 87.99 & 87.35. The resistance has shifted to 89.31, where we see an important level for several reasons. Breaking this level will give this pair a chance to test the important trend line at 90.51 as a first target, and if this one is broken, things will go against our outlook, as we will target 91.45. This pair is going as expected, in the expected direction, and in convergence with our negative technical outlook for the short & medium terms. We expect the fall to go on, but we hope to see it go faster, and more exciting. But for today in specific, we should be careful since we could see a bounce, because we already touched the descending trend line illustrated on the attached chart, a bounce is highly probable, even if it was a temp, but the trend is down without a shadow of a doubt! Support: • 88.48: the rising trend line from yesterday’s low on intraday charts. • 87.99: May 6th low. • 87.35: Dec 9th 2009 low. Resistance: • 89.31: important intraday level. • 90.51: the descending trend line from Jun 14th top on the hourly chart. • 91.45: June 21st high. — Forex trading analysis written by Munther Marji for Forexpros. — Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Technical Analysis 30/06/2010 FXCBS
Wednesday June 30 , 2010 Previous session overview The pair Euro against the U.S. dollar traded in a narrow range during the Asian session between the lowest level at 1.21663 and the highest level at 1.22232 , while the pair is currently trading around the level of 1.22207. Regarding to the pair Sterling against the U.S. dollar traded in a narrow range also during the Asian session between the lowest level at 1.50277 and the highest level at 1.50737, the pair is currently trading around the level of 1.50433. Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session in a narrow range between the lowest level at 88.392 and the highest level at 88.687, the pair is currently trading around the level of 88.552. Market Expectations EUR/USD : etermined indicators show negative signs for the pair Euro against the U.S. dollar, which may lead the pair today to decline to the target level at 1.20850 then to the level of 1.19890, stability of the trading below the level of 1.23100 necessary to achieve these expectations. GBP/USD : We expect today a decline for the pair Sterling against the U.S. dollar starting with penetration for the support level at 1.50000, then to the target of 1.49561, stability of the trading below the level 1.51230 necessary to achieve these expectations. USD/JPY : Stability of the trading for the pair U.S. dollar against the Japanese Yen below the level of 88.761 leads us to save our expectations for the declining to the pair to the level of 87.800, these expectations still as it if the pair still below the level of 88.761. [B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL] [URL="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/URL] [URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] | [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] | [URL="http://www.fxcbs.com/"]Low Spread[/URL] | [URL="http://www.fxcbs.com/"]Free Trading Software[/URL] [/B][/B][/B][/B]
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Trek in Nepal
Nepal Classic Tour This fourteen-day trip is an intensive tour of Nepal, which offers an insight into its rich ancient cultures and ethnic diversity. Explore the different areas and combine it with the simple pleasures of hiking through scenic countryside and the thrills of viewing the mighty Himalayan peaks from dose quarters. There are many country trails of which several of them are old trade routes or pilgrimage paths which lead through terraced hillsides, forested ridges, river banks, paddy fields; connecting picturesque hamlets and mountain villages. The most rewarding way to see Nepal and her people, their culture and rich heritage by walking or hiking like the traders or pilgrims. Outside the Kathmandu valley accommodation will be in small but comfortable country style hotels/lodges. Day 01 : Kathmandu Arrival in Kathmandu. Meet and greet assistance at the airport and transfer to your hotel. Day 02 : Kathmandu Morning take a walking tour of old Kathmandu city following the old path across Vishnumati river to Swayambhunath. Afternoon visit the low-tiered golden temple -Pashupatinath, the holiest of Hindus temple and Bodhnath -the largest Buddhist Stupa. Day 03 : Kathmandu Drive south to Dakshinkali. Visit Pharping village and continue on to the old Newari villages of Bungmati and Khokana. Newars are inhabitants of a Tibeto-Burman origin and are among the largest indigenous groups of Nepal. They are usually inclined towards commerce, trade and farming and follow Buddhism as well as Hinduism. Day 04 : Kathmandu - Pokhara Morning drive to the most scenic Himalayan destination -Pokhara (200km/6hrs) in the centre of Nepal. Afternoon free. Day 05 : Pokhara A Day hikes to Begnaskote or Sarangkote village. Day 06 : Pokhara Sightseeing tour of Pokhara City and its bazaars. Afternoon take a boat ride on Phewa lake. Day 07 : Pokhara - Tansen Drive to Tansen (80km/4hrs) a typical small hill town in western Nepal. Check-in at hotel. Day 08 : Tansen Full day hiking trip to Ranighat built on the banks of Kaligandaki river or a day tour of Tansen town and its colourful bazaars. Day 09 : Tansen - Lumbini - Chitwan Morning drive to Lumbini (105kms/4hrs) the birthplace of Lord Buddha. Visit Lumbini on own. Later continue on to Royal Chitwan National Park (75kms/4½ hrs) and check in at the jungle lodge. Dinner and overnight at the jungle lodge. Day 10 : Chitwan Full day jungle activities including elephant back safari, nature walk, canoe ride, bird watching, elephant briefing, Tharu stick dance, slide presentation etc. Day 11 : Chitwan - Nagarkot Drive back to Kathmandu (145kms/4½ hrs) from where you continue on to Nagarkote (Alt 2100-m (34 kms/1½ hrs) set on a ridge above Kathmandu with a panoramic view of the great Himalayan peaks including Annapurna, Fishtail, Everest and Kanchendzonga. Day 12 : Nagarkote - Dhulikhel Visit Nagarkote and continue on to Changunarayan temple, the oldest and finest pagoda architecture in the world. Commence walking through paddy fields and typical farming villages to Bhaktapur. Late afternoon drive to Dhulikhel. Day 13 : Dhulikhel Magnificent sunrise views from your hotel. After breakfast, commence a full -day hike to Namoboudha carrying lunch boxes. Walk through scattered huts and farms to Panauti, an old and interesting village. Drive back to Dhulikhel in time to see a colourful sunset. Day 14 : Dhulikhel - Kathmandu Drive back to Kathmandu (35kms/1½ hrs) and transfer to connect your outbound flight. Himalayan Excursion Club Treks and Tour P. Ltd Thamel, Kathmandu, Nepal P.O.BOX: 14451 Tel: +977-4212438, +977-9841063000(Mob.), 9849233048 (Mob.) +614-88683233, 0488683233 ( For Australia) Email: info@nepaltravelandtrek.com Url: http://www.nepaltravelandtrek.com
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Forex4you Technical Analysis 29/06/10
EUR/USD: Technical Analysis The signal in the shape of the breach of the range of 1.2340-1.2290 together with the line of the upgrading trend (the red line) afforded ground for foreseeing the high probability of the beginning of another stage of the “bearish” trend. The price has breached the next very powerful support at 1.2240 and currently resides at 1.2230/20. The indicators’ values reflect the change in the climate to the downgrading trend. The sagging of the pair will obviously go ahead, and the first supports, which are going to be checked up in the near time, are to be 1.2200/1.2190 and further 1.2150/60/40 as well. The alternative variant will gain its probability in case of the comeback upward and also price fixation above 1.2240. GBP/USD: Technical Analysis As expected, the recently achieved heights were checked up. The price upturned to the formerly mentioned resistance range of 1.5120/40 and checked 1.5125/30. It’s currently decreasing and has already resided at 1.5040/30. The indicators are like to change their mood to “bearish”, and so, encourage the expectance of continuation of the downgrading move. However, there’s another significant and even kind of decisive obstacle on this way – it’s the supports at 1.5020-1.4990. If this obstacle is overcome it’ll be reasonable to take the long term “bearish” trend as completed. Also possible, the first attempt to overwhelm this support will fail and so, the trading will roll back upward, to 1.5050/60. Otherwise, if the breach occurs another support will be at 1.4920/00. Moreover, there’s a high probability of comeback to the advance until the breach of the above mentioned range of support. USD/JPY: Technical Analysis Thereupon some development of the consolidation above 89.30 this support was breached. The price went ahead dropping down and currently resides at 88.60. The formerly mentioned target at 88.20/30 will obviously be achieved in the near time. The breach of this support will mean a very essential potential of the ‘bearish” trend together with the probable price sagging till the new annual minimums – it may be 87.70 and 87.30/40. Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Forexpros Daily Analysis - 29/06/2010
ForexPros Daily Analysis June 29, 2010 Fundamental Analysis : GDP European traders anticipate the publication of the Gross Domestic Product (GDP). It is the broadest measure of economic activity and is a key indicator for the economy’s health. The quarterly percent changes in GDP shows the growth rate of the economy as a whole. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. Analysts predict a future reading of 0.30%. — Euro Dollar The Euro broke the support specified in yesterday’s report 1.2358, and dropped as expected, and reached the first suggested target 1.2260, successfully! What is funny, is that the Euro dropped more than 150 pips from the top it reached after this week’s open, while the Pound reached a 7-week high above 1.51, and consolidated just below it. Therefore, it is hard to channel the direction of the European currencies against the greenback, and this in itself calls for caution. In the case of the Euro, its fall to meet our suggested target at 1.2260 is a negative sign for the short term without a doubt, If added to the fact that this drop came after the failure to break the top of the descending channel, we can see that this is also negative for the medium term as well. Today’s support is at Fibonacci 38.2% for the medium term at 1.2240, which we trade just above at the time of preparing this report. If broken, we will fall to test the more important Fibonacci levels: 50% At 1.2170, and 61.8% at 1.2100, which is the most important medium term support. The resistance is at 1.2337, and only with a break above here, this pair will improve its negative technical outlook for the short term. If broken, we will target 1.2396 once again, and if this one is also broken, we will be on the way to 1.2519. Support: • 1.2240: Fibonacci 38.2% for the whole rising move from this cycle’s low to last week’s high. • 1.2170: Fibonacci 50% for the whole rising move from this cycle’s low to last week’s high. • 1.2100: Fibonacci 61.8% for the whole rising move from this cycle’s low to last week’s high. Resistance: • 1.2337: Fibonacci 61.8% for the short term. • 1.2396: the weekly high so far. • 1.2519: May 6th low. — USD/JPY The Dollar/Yen continued to drop slowly, a bit faster than usual this morning, in yet another confirmation that the bears are beating the bulls! USDJPY broke the support specified in yesterday’s report 89.20, and reached a new bottom for this recent falling trend at 88.59 without being able to meet our suggested target 87.99. This confirms the negative technical outlook we have seen lately. And we believe it will persist as long as we are trading below the falling trend line from June 14th top, which is currently at 90.64. Short term support is at 88.67, and breaking it will be another evidence that we are going down. This break will target 87.99 & 87.35. The resistance has shifted to 89.45, where we see an important level for several reasons. Breaking this level will give this pair a chance to test the important trend line at 90.64 as a first target, and if this one is broken, things will go against our outlook, as we will target 92.07. This pair is going as expected, in the expected direction, and in convergence with our negative technical outlook for the short & medium terms. We expect the fall to go on, but we hope to see it go faster, and more exciting. But for today in specific, we should be careful since we could see a bounce, because we came very close to the descending trend line illustrated on the attached chart, a bounce is highly probable, even if it was a temp. Support: • 88.67: important intraday level. • 87.99: May 6th low. • 87.35: Dec 9th 2009 low. Resistance: • 89.45: important intraday level. • 90.64: the descending trend line from Jun 14th top on the hourly chart. • 92.07: the important resistance area holding Jun 7th & 14th. — Forex trading analysis written by Munther Marji for Forexpros. — Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Short Term Technical Analysis for Majors (14:20 GMT)
EUR/USD Remains constructive off 1.2208, 23 Jun higher low, following the earlier correction off 1.2468, 21 Jun high. Holding 1.2252, 25 June higher low, keeps near-term bulls in play for possible attempt towards 1.2429, and key 1.2468, break of which is needed to resume recovery off 1.1875. Loss of 1.2252, however, would weaken the structure and risk 1.2208. Res: 1.2398, 1.2415, 1.2429, 1.2468 Sup: 1.2280, 1.2252, 1.2208, 1.2162 GBP/USD Has broken above daily rising channel, also close to 1.5031, 61.8% retracement of the 1.5523/1.4230 fall, to reach 1.5076 on 25 June, ahead of shallow correction. Fresh strength now attempts through 1.5076, with sustained break here to eye 1.5149. Downside, break below 1.4854 weakens outlook. Res: 1.5095, 1.5149, 1.5174, 1.5188 Sup: 1.5015, 1.4973, 1.4914, 1.4885 USD/JPY Continues to trend lower off 91.47, 21 June key lower top, with scope now seen for full retracement towards 88.95 swing low. An anticipated break will trigger a near-term extension to 87.96, 2010 low. 89.76 offer initial resistance, and break here is needed to ease immediate bear pressure. Res: 89.50, 89.76, 89.97, 90.32 Sup: 88.95, 88.14, 87.96, 87.36 USD/CHF Last week bear flag triggered a fresh weakness that has broken under 1.0924, 10 May low, and 1.0841, 04 May low. Risk is now seen for test of1.0728/1.0698, 03 May/ 27 Apr lows, next. Today’s lower ceiling at 1.0937 now provides an immediate cap. Res: 1.0889, 1.0938, 1.0952, 1.0981 Sup: 1.0810, 1.0728, 1.0698, 1.0674
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Forex4you Technical Analysis 28/06/10
GBP/USD: Technical Analysis The degree of 1.4870, which was formerly mentioned as a powerful support, provided the comeback to the upturn. The price has marked the new local maximum and is currently trying to breach the previously mentioned range of 1.5050/40/60. The indicators’ mood, which keeps the “bullish” preferences, affords grounds for the forecasts of breaching the checked-up resistance and the following running of the price up to new highs. These highs might be the powerful resistances at 1.5120/40. At the same time, the fact of the resistances’ cluster within this price range should be also taken into account; that’s why the bounce may occur just out of 1.5090 and 1.5100/10. The confident breach of these obstacles will determine the reasonable power of the upgrading trend together with the probability of checking-up of 1.520030 in the near time. The forecasts of the serious changes at the market may appear when the support at 1.4990/80 is breached. EUR/USD: Technical Analysis As forecasted, the support at 1.2240/50 was checked though not breached – that caused the price’s comeback to the upturn. This raise led the trades to the new local maximum at 1.2400/1.2395. However, the price returned down thereupon it had faced the powerful resistance there exactly and currently resides at 1.235040. The degree of 1.2340 became of essential on the way downward. It means, its breach may give the first signs about the beginning of the comeback to the descendant trend. The indicators’ values make hints on the downgrading reversal: R% intends to leave the oversold zone, SS keeps upturning still yet, and MACD demonstrates a very restrained upgrade and obviously prepares for the reversal. The environment is further ambiguous still yet. Most likely, the breach of the line of the upgrading trend (the red line) will report about the comeback to the “bearish” trend; though the early warning will be the breach of the support at 1.2340, of course. The “Bulls” keep the advantage of the development of their scenario till the breach of the range of 1.2340-1.2290. USD/JPY: Technical Analysis The previously given notices about the prolonged sideways retracement within the range edged between the resistance at 89.90/80 and support at 89.30 gradually come true. That’s why the forecasts about the development of these events keep in force. In other words, the breach of the support will mark the accomplishment of the next stage of sagging down to 88.20/30; on the contrary, the raise above 89.90/80 will speak about the risks of the upturn till 90.80 i.e., the trend line of the short-term downgrading channel (the red lines). The indicators’ sluggishness inclines to think that the sideways range hasn’t been accomplished yet and so, will be continued for a while.
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Short Term Technical Analysis for Majors (08:30 GMT)
EUR/USD Remains constructive off 1.2208, 23 Jun higher low, following the earlier correction off 1.2468, 21 Jun high. Lower rejection at 1.2252, seen on 25 June, now buoys for 1.2429, ahead of key 1.2468, break of which is needed to resume recovery off 1.1875. Loss of 1.2252, however, would weaken the structure and risk 1.2208. Res: 1.2398, 1.2415, 1.2429, 1.2468 Sup: 1.2317, 1.2280, 1.2252, 1.2208 GBP/USD Has broken above daily rising channel, also close to 1.5031, 61.8% retracement of the 1.5523/1.4230 fall, to reach 1.5076 high thus far. Current reversal is seen corrective, ahead of fresh strength, and above 1.5076 to eye 1.5149. Only break below 1.4854 weakens outlook. Res: 1.5076, 1.5095, 1.5149, 1.5174 Sup: 1.4973, 1.4914, 1.4885, 1.4854 USD/JPY Continues to trend lower off 91.47, 21 June key lower top, with scope now seen for full retracement towards 88.95 swing low. An anticipated break will trigger a near-term extension to 87.96, 2010 low. 89.76 offer initial resistance, and break here is needed to ease immediate bear pressure. Res: 89.76, 89.97, 90.32, 90.59 Sup: 89.21, 88.95, 88.14, 87.96 USD/CHF Last week bear flag triggered a fresh weakness that has broken under 1.0924, 10 May low, to signal an extension to 1.0841, 04 May low. Break here risk 1.0728/1.0698, 03 May/ 27 Apr lows, next. Today’s lower ceiling at 1.0937 now provides an immediate cap. Res: 1.0938, 1.0952, 1.0981, 1.1045 Sup: 1.0842, 1.0728, 1.0698, 1.0674
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Technical Analysis 28/06/2010 FXCBS
Monday June 28 , 2010 Previous session overview The pair Euro against the U.S. dollar traded during the Asian session in a narrow range between the lowest level at 1.23515 and the highest level at 1.23973, the pair is currently trading around the levels of 1.23553. The pair Sterling against the U.S. dollar also traded in a narrow range during the Asian session between the lowest level at 1.50198 and the highest level at 1.50722, the pair is currently trading around the level of 1.50292. Finally , the pair U.S. dollar against the Japanese Yen traded in a narrow range during the Asian session between the lowest level at 89.254 and the highest level at 89.453, the pair is currently trading around the level of 89.422. Market Expectations EUR/USD :The pair Euro against the U.S. dollar traded in a narrow range between the level of 1.23500 and 1.24500 since last week , determined indicators for the four hours candlestick show a saturation in the purchasing process may lead the pair to do a small corrective to the level 1.22900 which we should monitor it, cause if it can breakthrough it the pair may decline more , and if the pair can close four hours candlestick above the level of 1.24500 that may open the way for more bullish trend for the pair, so we advice to monitor the price very well before take any decision. GBP/USD : etermined indicators for the pair Sterling against the U.S. dollar shows a negative signs that may lead the pair to do a corrective movement to the level of 1.49760 then to the level 1.49130. Stability of the price above the level of 1.49000 is necessary for the pair to return to the uptrend. USD/JPY : etermined indicators for the pair U.S. dollar against the Japanese Yen is approaching saturation in the selling process, so we expect today an uptrend for the pair in a corrective movement to the level of 89.920. [B][B][B][B]Senior Analyst / Ali Hasan /[URL="http://www.fxcbs.com/"]FXCBS[/URL] [URL="http://www.fxcbs.com/newsletter/daily.html"]Newsletter[/URL] [URL="http://www.fxcbs.com/"]Forex ECN Broker[/URL] | [URL="http://www.fxcbs.com/"]Currency Online Trading[/URL] | [URL="http://www.fxcbs.com/"]Low Spread[/URL] | [URL="http://www.fxcbs.com/"]Free Trading Software[/URL] [/B][/B][/B][/B]
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