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Waluty: Currency market commentary

10.06.2009 10:27 środa

EURUSD

Today We have to deal with consolidation on this cross currency between quite wide spread of 1,3850 – 1,4125. In case breaking the higher band , this pair may reach 1,4250. Otherwise a strong downward movement may lead this pair down to 1,3740/20. For today We suggest open longs at 1,3990 with estimated profit taking at 1,4040 and then 1,4080.

GBPUSD

After yesterday strong rally We accounting for correction slide even to 1,6230 where longs should be opened for profits of 100 pips, at least. The stop loss order  should be placed at 1,6210 as breaking 1,6190 may weigh this pair down to 1,6050 or even to 1,5880.

USDCHF

Currently the wide range of  1,0730-1,0910 shall be kept, and breaking the lower level may start a firmer slide even to 1,0560. Testing 1,0910 may boost further gains up to 1,1140.

Daily short from 1,0850 with 90 pips target is possible to meet.

USD JPY

Today We recommend open shorts from 98,20 targeting down to 97,50 or even 96,00. In case breaking 98,80 the attack on 100,00 is highly expected. 

 

For more comments and recommendations please visit our website www.bavariafund.com








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