CHF
The pre-planned sales from the key resistance range have been realized with attainment of main assumed targets. OsMA trend indicator having marked the relative rise of buying activity after Low level of the current week considerably reduces the perspective of further bearish development and can be a ground to choose buying priorities for today. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to supports 1.1190/1.1210, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 1.1250/70, 1.1300/20 and/or further breakout variant up to 1.1360/80, 1.1400/20. An alternative for sales will be below 1.1160 with the targets 1.1100/20, 1.1040/60, 1.1000/20.
GBP
The pre-planned breakout variant for sales has been realized with attainment of main assumed targets. OsMA trend indicator having marked the relatively high level of development of bearish activity within the general picture of activity parity of both parties gives grounds to presume a possibility of wide range of rate movement in a short-term future. Hence and because of ascending direction of indicator chart, we assume a possibility of attainment of resistance range 2.0700/20, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For sales on condition of formation of topping signals the targets will be 2.0610/30, 2.0520/40, 2.0480/2.0500 and/or further breakout variant up to 2.0410/30, 2.0320/40, 2.0260/80. An alternative for buyers will be above 2.0840 with the targets 2.0900/20, 2.0980/2.1000, 2.1060/80, 2.1120/40.
JPY
Opened buying positions have attained the main assumed targets planned for the previous trading day. OsMA trend indicator having marked the overbought factor did not reveal the affirmative strengthening of bearish counteraction that gives grounds to preserve buying priorities for today. Hence and because of descending direction of indicator chart, we assume a test of supports 110.60/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 111.20/40, 111.80/112.00 and/or further breakout variant up to 112.40/60, 113.00/20, 113.60/80. An alternative for sales will be below 110.20 with the targets 109.60/80, 109.00/20.
EUR
The assumed attainment of the key resistance range has been confirmed with conditions for realization of the pre-planned sales at the strengthening of overbought factor. OsMA trend indicator having marked the strengthening of sales activity after a series of reversal bearish signals gives grounds to presume a possible period of rate reduction but without distinctness concerning bullish perspectives and corresponding choice of priorities for today. Nevertheless taking into account the logical incompletion of bearish development, we assume pair return to supports 1.4620/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 1.4680/1.4700, 1.4730/50 and/or further breakout variant up to 1.4790/1.4810m 1.4850/70, 1.4730/50 and/or further breakout variant up to 1.4790/1.4810, 1.4850/70. An alternative for sales will be below 1.4590 with the targets 1.4530/50, 1.4480/1.4500, 1.4420/40.
With respect,
FOREX LTD