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Technical

Technical Analysis for GBPUSD 26 Apr 2010

The GBPUSD had been move in upside bias since touched the double bottom at 1.4779 area. The bias is bullish in nearest term targeting 1.5520 area before testing the major trendline resistance. Immediate support at 1.5370 (current low). Break below that area could lead us into no trading zone but overall the medium bias should remains to the upside as long as price stay above 1.5200 area.

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Popularity: 3%

Technical

Technical Analysis for EURUSD 26 Apr 2010

As you can see on my daily chart below, the bearish pressure seems to have a strong support around 1.3267/00 area which is a bottom at this phase. Although major technical bearish outlook remains intact as Euro fundamental situation remains fragile, this bottom could lead to a bullish momentum in nearest term testing 1.3500 area especially if price break above 1.3415 area today. We need a clear break below 1.3267/00 area to continue the bearish scenario testing 1.3100 region.

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Technical

Technical Analysis for USDJPY 15 Apr 2010

The USDJPY made another indecisive movement yesterday, made another Doji on daily chart. On h4 chart below we can see that price still trapped in range area of 93.75 – 92.50 indicating consolidation. The bias remains neutral in nearest term. I still prefer a bullish scenario but we need a clear break above 93.75 to end the consolidation phase/downside correction targeting 95.50 region. On the other hand, break below 92.50 and violation to the bullish channel could be seen as a serious threat to the bullish scenario.

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Popularity: 2%

Technical

Technical Analysis for GBPUSD 15 Mar 2010

The GBPUSD had a bullish momentum yesterday. On my h4 chart below we can see that price break above the bullish flag, confirms the bullish scenario targeting 1.5550 – 1.5600 area. Immediate support at 1.5425. Break below that area could be a threat to the bullish flag upside scenario, lead us into a no trading zone testing 1.5350 area but as long as price still move inside the bullish channel I still prefer a bullish scenario at this phase.

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Popularity: 1%

Technical

Technical Analysis for EURUSD 15 Mar 2010

The EURUSD had a moderate bullish momentum yesterday. On h4 chart below we can see that price slipped above the bullish flag but bullish momentum seems limited so far. I still prefer a bullish scenario but we need a convincing movement above the flag and 1.3700 area to continue the bullish scenario targeting 1.3830 region this week. Immediate support at 1.3580. Break below that area could be a threat to the bullish flag upside scenario and lead us back into no trading zone testing 1.3530/00 area.

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Popularity: 1%

Technical

Technical Analysis for USDJPY 13 Apr 2010

The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term and I think we are still in bearish correction phase with 92.50/00 as bearish correction target. We need a consistent movement above 93.75 to end the correction and continue the major bullish scenario towards 95.50.

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