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Midday update for GBP USD 09/05/2013

Economies.com
2013-05-09 10:39AM UTC

The pair provides more positive attempts, but it remains below 1.5600, while we still waiting for confirmation signals for the next trend by monitoring the critical levels that we mentioned in our morning reports, which makes us remain in our neutral attitude for today.

 

Expected trading range for today is between: 1.5360 support and 1.5685 resistance.

 

Expected trend for today: Neutral

 

Midday update for EUR USD 09/05/2013

Economies.com
2013-05-09 10:39AM UTC

The pair is pressing negatively at 1.3145 and trades now below it, while Stochastic attempts to get rid of its negativity.

 

In general, our morning expectations remain valid and active if the price didn’t achieved a daily close below this level.

 

Expected trading range for today is between: 1.3050 support and 1.3400 resistance.

 

Expected trend for today: Bullish

EUR JPY couldn’t breach the initial resistance 9/5/2013

Economies.com
2013-05-09 08:07AM UTC

The pair achieved a ride yesterday attempting to breach above the initial resistance at 130.40 to achieve the main target level for our expectation around 132.30, noticing that the price return to form sideways range to limit the trading between the mentioned level and the moving average around 128.70.

 

Carefully note that the stability below the initial resistance supports the sideways trading which allows the price to settle between the previously mentioned levels until breaching one of them, thus breaking below the moving average 55 supports gaining negative momentum to reach towards 126.60 which represents the main support, which makes us stay aside today.

 

Expected trading range is between 128.80 and 130.30

 

Expected trend for today: neutral

GBP JPY is stuck 9/5/2013

Economies.com
2013-05-09 08:06AM UTC

The pair attempted to achieve positive levels yesterday to notice the price return to settle near the initial support level around 152.90 for today, keeping the trading stuck between the mentioned support and 154.70, therefore we recommend the neutrality for today until getting clearer image to detect the targets in the near period.

 

Stochastic attempts to form bearish wave by settling below 80 level, which supports the indicators contradiction if the trading settled above the moving average 55 as appears in the above chart.

 

Expected trading range is between 152.00 and 154.00

 

Expected trend for today: neutral