USD JPY knocks a minor top 03/12/2012
The pair found a good resistance at the recent recorded top near to 82.80, and surpassing this level is needed to ease the way for resuming the bullishness on the intraday and shot term basis.
We still suggesting the bullish trend which is supported by Stochastic and EMA50, pointing that the ideal targets for the inverted head and shoulders pattern shown at the image are located at 84.00, therefore, monitoring the price behavior when reaching this level is important because it might turn from there to the downside.
Expected trading range for today is between: 81.45 support and 84.50 resistance.
Expected trend for today: Bullish
GBP USD is stable 03/12/2012
The pair remains stable above 1.6000, after the sideways trading range on Friday, while EMA50 continues protecting the bullish wave from below, accompanied with the clear positive signals offered by Stochastic on the four hours time frame.
Therefore, the bullish trend remains valid and active, and our targets begin by surpassing 1.6115 to open the way towards 1.6310 as a next main station.
Expected trading range for today is between: 1.5900 support and 1.6310 resistance.
Expected trend for today: Bullish
EUR USD begins the waited breach 03/12/2012
The pair begins this day/week/month trading with clear positivity pulled it above the critical resistance 1.3000, and as we mentioned in our previous reports, this level represents a neckline for a bullish technical pattern shown in the image.
In general, we are continuing in preferring the bullish trend on the short term basis, and the price needs a daily close above the mentioned level to confirm the positive pattern activation, and the waited targets begin at 1.3145 followed by 1.3280
Expected trading range for today is between: 1.2880 support and 1.3300 resistance.
Expected trend for today: Bullish
Midday update for NZD USD 30/11/2012
The pair retested the previously breached neckline again, and bounced to the upside supported by EMA50
Therefore, the suggested scenario remains valid and active for today.
Expected trading range for today is between: 0.8150 support and 0.8400 resistance.
Expected trend for today: Bullish