The assumed test of key resistance range was confirmed but displayed by OsMA indicator advantage of bullish activity development was a positive momentum for sustained of the pre-planned positions for sell. Hence and considering signs of further indefiniteness in the choice of planning priorities we assume the possibility of pair return to Ichimoku cloud top at 1.1680/1.1700, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.1740/60, 1.1820/40 and/or further breakout variant up to 1.1880/1.1900, 1.1960/80, 1.2020/40, 1.2100/20. An alternative for sells will be below 1.1620 with targets 1.1560/80, 1.1500/20, 1.1440/60.
GBP
The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked tendency of bearish activity strengthening gives reasons for priority of corresponding direction of trading operations planning for today. Hence and considering the current ascending direction of indicator chart as well as the chosen strategy we assume the possibility of another test of channel signal “2” at 1.5760/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.5680/1.5700, 1.5580/1.5600, 1.5500/20 and/or further breakout variant up to 1.5420/40, 1.5340/60, 1.5260/80. An alternative for buyers will be above 1.5940 with targets 1.6000/20, 1.6080/1.6100, and 1.6140/60.
JPY
The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked low activity preservation of both parties, as before does not give definiteness in the choice of planning priority direction. Hence and considering the ascending direction of indicator chart we assume the possibility of rate return to the bottom of Ichimoku cloud at 98.00/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 97.40/60, 96.80/97.00, 96.20/40 and/or further breakout variant up to 95.60/80, 95.00/20, 94.20/40, 93.40/60. An alternative for buyers will be above 98.80 with targets 99.20/40, 100.00/20, 100.80/101.00, 101.80/102.00.
EUR
The pre-planned breakout variant for sells was realized with attainment of minimal assumed targets. OsMA trend indicator, having marked preservation of low activity of both parties as before, considering the chosen strategy continue supporting assumptions on range rate movement without definiteness in the choice of planning priorities. Hence taking into account the ascending direction of indicator chart we assume the possibility of pair return to 1.2800/20 resistance range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.2720/40, 1.2640/60 and/or further breakout variant up to 1.2580/1.2600, 1.2510/30, 1.2420/40, 1.2340/60. An alternative for buyers will be above 1.2920 with targets 1.2980/1.3000, 1.3080/1.3100, 1.3200/20, 1.3260/80.
Disclaimer: All information on this web site is subject to change. The use of this web site constitutes acceptance
of our user agreement. All publisher financial articles at
FXtree.com are those of the individual authors and do not represent trading recommendations
of FXtree.com or its staff.