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FOREX ANALYSIS - page 77
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Interesting levels to watch for:
Support: 105.45; 104.65;
Resistance: 106.00; 107.44; 108.27
EURUSD buy GBPUSD sell
The dollar / yen did not make a substantial move yesterday but traded higher earlier today, hitting 106.93. The commercial signals are up for testing 107.20 in a near perspective. Immediate support is available at 106.35 / 25, whose breakthrough can take the price to a neutral zone with a key support rebate 105.50. This region is a good place to buy with a narrow
The dollar / franc had a significant upward momentum yesterday, sliding over the range and hitting 0.9533 earlier this morning. Expectations remain up for testing for 0.9580 - 0.9650. The closest support is at 0.9465. A clear break back below this level may take the price to a neutral trading area, and the direction will become unclear.
The dollar advanced against the yen
. The US currency recorded a third consecutive rise against the yen. So the pair tested the resistance at 107.20, but no breakthrough was reached. If the bullish sentiment continues, it will be broken shortly. The session was opened at 106.21 and the final was 59 pips up. A peak of the day was reached at a rate of 107.04.
Levels to watch for:
Support: 106.06; 105.54;
Resistance: 107.20; 107.91;
The dollar / yen was not able to continue its inertia up yesterday, reaching a bottom of 106.31 and hit 106.24 earlier today. From a different technical perspective, perhaps we have the formation of a potential downward triangle figure. The signals are neutral for the time being, probably with a slight bearish look at 105.50 retesting. A clear breakthrough and daily closure under this support may cause further downward pressure on the 104.25 test. The closest resistance is 106.50, whose breakthrough can lead to bulls testing for 107.00. Overall, I remain neutral.
The dollar / franc had a bearish momentum yesterday and is now fighting around support at 0.9465. The upside scenario should remain intact at least until we have a convincing break below 0.9465. Views are neutral in short terms. Immediate support is 0.9458 (yesterday's bottom), the breakthrough can cause future downward pressure to test at 0.9420 / 00 or lower. Intrade resistance is 0.9510. A clear break above this level may lead to an upward pressure on the testing of 0.9580 - 0.9650.
The dollar / yen did not make a substantial move yesterday, but continued to make lower tops and bottoms after falling from 107.28
. Traffic signals are bearish to test support 105.50. A clear breakthrough and daily closure below this level will open the doors to 104.25. The first resistance is 106.35 (the current peak), whose breakthrough can take the price to a neutral trading area with a test of 106.75. If the bearish triangle scenario is valid, we may see a variable motion with peaks not higher than 107.00 until the next week before the price breaks below 105.50 and goes down. Overall, I remain neutral.
The dollar / franc was hesitant yesterday. Expectations remain downward in the near future for testing the lower boundary of the upward channel and support 0.9420. A clear breakthrough and daily closure under the bullish channel will take the price down for re-testing at 0.9250. The closest resistance is at 0.9480, whose breakthrough will take the price to a neutral zone, but will keep the upward phase in effect for testing at 0.9580 - 0.9650.
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