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Waluty: Currency market commentary

29.06.2009 10:18 poniedziałek

EURUSD

Today We have to deal with consolidation on this cross currency between quite wide spread of 1,3980 – 1,4060. In case breaking the higher band , this pair may reach 1,4120. Otherwise a strong downward movement may lead this pair down to 1,3910. For today We suggest opening longs at 1,4000 with estimated profit taking at 1,4060 and then 1,4120.

GBPUSD

On daily chart  We can observe a formation of growing triangle what in case breaking 1,6650 may lead this currency rate up to 1,6810 or even above 1,70. Perfect level for longs We recommend at 1,6480 with targeting above 1,6600. In case falling below 1,6430 this currency rate may surely slide to 1,6250.

USDCHF

Currently the wide range of  1,0800-1,1010 shall be kept, and breaking the lower level may start a firmer slide even to 1,0710. Testing 1,1010 may boost further gains up to 1,1140. Daily short from 1,0890 with 80 pips target is possible to meet.

USD JPY

Today We recommend to open shorts from 95,90 targeting down to 95,40 or even 95,00.

In case breaking 96,50 the attack on 97,10 is highly expected. 

 

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








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