Technical Analysis 15/10/2010 FXCBS

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Friday October 15 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.40081 and the highest level at 1.40963, the pair trading now around the level of 1.40877.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.59710 and the highest level at 1.60393, the pair trading now around the level of 1.60354.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 81.131 and the highest level at 81.621 , the pair trading now around the level of 81.221.

Market Expectations

EUR/USD : The pair Euro against the U.S dollar reached the level of 1.40100 as we expect yesterday we expect that the pair will rise today to the level of 1.41550, stability of the trading above the level of 1.40000 necessary to achieve these expectations.



GBP/USD : The pair Sterling against the U.S. dollar break through the support level at 1.59650 during the Asia session , which may lead the pair to rise to the level of 1.60950 then to the level of 1.61500.



USD/JPY : We expect a bullish intraday trend, supported by a bullish crossover appearing on Stochastic. The expected targets start at 82.450 then 82.850, which require the daily closing above 81.000 to prevail.






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