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Midday update for GBP USD 10/05/2013

Economies.com
2013-05-10 11:12AM UTC

The pair trades with bearish bias approaching from the waited main target at 1.5365, and as we mentioned this morning, we must be aware when reaching the mentioned target, due to the importance of this level to detect the next trend.

 

Expected trading range for today is between: 1.5290 support and 1.5600 resistance.

 

Expected trend for today: Bearish towards the suggested target

 

 

Midday update for EUR USD 10/05/2013

Economies.com
2013-05-10 11:12AM UTC

The pair made a new test to 1.3000 barrier keeping its stability above it, which keeps the sideways trading valid inside the morning explained range, while our neutral attitude continues until surpassing one of this range lines.

 

Expected trading range for today is between: 1.2900 support and 1.3200 resistance.

 

Expected trend for today: Neutral

 

EUR JPY approaches from the suggested target 10/5/2013

Economies.com
2013-05-10 08:15AM UTC

The pair returns to gain bullish bias by settling above the initial support level 129.00 for today achieving 131.90 since morning to approach from the main resistance level around 132.50.

 

We continue in expecting the positivity to achieve the main resistance level if 130.40 remains intact, supported by Stochastic rally towards the overbought level as appears in the above chart.

 

Expected trading range is between 130.40 and 132.50

 

Expected trend for today: bullish  

GBP JPY touches the resistance 10/5/2013

Economies.com
2013-05-10 08:14AM UTC

The pair achieved bullish bias by holding above the support level 153.00 to record 156.25 facing the resistance as appears in the above chart, where the continuation of the bullish bias domination is expected if 153.00 remained intact.

 

Breaching above the current resistance level is expected to reach 157.65 affected by the bullish bias and supported by the stability of Stochastic in the overbought level, carefully note that a potential fluctuation is valid if the initial support level 154.90 remains intact 

 

Expected trading range is between 155.00 and 157.60

 

Expected trend for today: bullish