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Wednesday, 21 May 2008

Forex Ltd

CHF
The pre-planned breakout variant for sales has been realized with attainment of assumed targets. OsMA trend indicator having marked the relative rise of bearish activity gives grounds to choose bearish planning priorities for today. Hence and because of ascending direction of indicator chart we assume a possibility of pair return to resistance range 1.0420/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.0340/60, 1.0260/80 and/or further breakout variant up to 1.0200/20. An alternative for buyers will be above 1.0500 with the targets 1.0550/70, 1.0600/20.

GBP
The pre-planned breakout variant for buyers' has been realized with overlap of minimal assumed target. OsMA trend indicator having marked the high level of bullish activity gives grounds to choose corresponding planning priorities for today. Hence and because of bearish character of indicator chart, we assume a possibility of pair return to supports 1.9620/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buyers' positions on condition of formation of topping signals the targets will be 1.9680/1.9700, 1.9740/60 and/or further breakout variant up to 1.9800/20, 1.9860/80, 1.9900/20. An alternative for sales will be below 1.9570 with the targets 1.9510/30, 1.9460/80.

JPY
The pre-planned breakout variant for sales has been realized but the oversold factor at the break of key supports revealed by OsMA indicator is a negative factor to preserve earlier opened short positions. At present taking into account the general situation of activity fall of both parties because of chosen strategy we have grounds to preserve bearish planning priorities for today but after a period of rate correction for which the key resistance range will be 103.50/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 103.10/20, 102.60/80 and/or further breakout variant up to 102.00/20, 101.60/80. An alternative for buyers will be above 104.10 with the targets 104.50/60, 104.80/105.00.

EUR
The pre-planned breakout variant for buyers has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the relatively high level of bullish activity gives grounds to support buyers' planning priorities for today. Nevertheless the general situation of activity parity of parties' activity with bearish character of indicator chart does not give clearness towards further rate rise and possible surprises in character of rate correction movement. Hence to reduce trading risks we assume a possibility of pair return to supports 1.5600/20, 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 1.5650/60, 1.5680/1.5700 and/or further breakout variant up to 1.5740/60, 1.5800/20. An alternative for sales will be below 1.5560 with the targets 1.5500/20, 1.5460/80.