The technical analysis of currency pairs 21.01.2010

USD /JPY

Prices trying to overcome the resistance level at 91.50/55. If they succeed, it is worth waiting for further growth, the primary purpose of which is likely to become a mark 92.00. The probability of this outcome suggests that, at the 4-hour chart (Figure 1) trend indicator OsMA quite confidently upwards. Top designed and oscillators, which have no signs of reversal. On the hourly chart (Fig. 2) OsMA, SS (goes out of overbought) and RSI acquire a downward direction. This suggests that this level will not be performed, and pushed off of it, prices will begin to pickup stroke to a mark of 91.00.
Having said that, in my opinion, the possibility of opening positions on the purchase with a close stop-loss should be considered only after confirmation of a breakthrough price-level resistance 91.50/55.

Support: 91.00, 90.70, 90.40, 90.00, 89.70, 89.40, 89.00, 88.70, 88.40/30, 88.00, 87.40/30, 87.00, 86.40, 86.00/85.90, 85.20/00, 84.40/30, 84.00, 83.00.
Resistance: 91.50/55, 92.100000, 92.40, 92.70/85, 93.00/20, 93.50/60, 94.10/00, 94.60/50, 94.90/95.00, 95.30, 95.90/96.00, 96.30, 97.00, 98.00, 98.60, 98.90/99.00.

USD /CHF

Prices are consolidated in a narrow range, limited levels of 1.0440 - 1.0460. Direction indicators on the 4-hour chart (Fig. 3) suggests that the way out of range happens to break the lower boundary (and the trend indicator OsMA, and both oscillator purchased a downward direction). In this case, should await the return of prices to a mark 1.0400. The situation on the hourly chart (Figure 4) confirms the supposition about the possibility of a breakthrough level of 1.0440 and the continuation of a downward movement. OsMA, SS and RSI are directed downward. At the same time, we should not exclude from the field of view of narrowing the band Bolinzhera, which indicates a low volatility and, hence, the probability of continuing consolidation in the range.
Thus, in my opinion, is to wait for clarification of the situation. Positions with a close stop-loss to open only after the prices beyond the range in direction of the breakout.

Support: 1.0445, 1.0400, 1.0360/50, 1.0320/00, 1.0280, 1.0250/40, 1.0200, 1.0175, 1.0140/30, 1.0100, 1.0070, 1.0035, 1.0000, 0.9975, 0.9940, 0.9900, 0.9800, 0.9740, 0.9700, 0.9610/00.
Resistance: 1.0490/1.0500, 1.0550, 1.0600, 1.0650, 1.0700, 1.0730, 1.0760, 1.0800, 1.0850/60, 1.0900, 1.0935.

EUR /USD

prices began pickup stroke to a mark 1.4140. If she would be overcome to continue growth, the primary purpose of which is likely to be the level of 1.4200. In favor of continued growth allows us to speak the ascending direction of the trend indicator OsMA at 4-hour chart (Fig. 5). Up directed and oscillator SS. However, the RSI has outlined a turn in the opposite direction, indicating the benefit of the fall to a mark 1.4100. The situation on the hourly chart (Fig. 6) confirms the supposition about the possibility of a breakthrough level of 1.4140 and continued price increases. OsMA directed upwards. In the bull towards the fixed and SS, and RSI.
However, in my opinion, the possibility of opening positions on the purchase with a close stop-loss is worthwhile to consider only after confirmation of breaking the resistance level of 1.4140.

Support: 1.4100, 1.4070, 1.4030, 1.4000, 1.3960, 1.3900, 1.3860, 1.3840/30, 1.3800, 1.3780, 1.3740/30, 1.3700.
Resistance: 1.4140, 1.4200, 1.4230/50, 1.4283, 1.4320/30, 1.4360, 1.4390/1.4400, 1.4430, 1.4465, 1.4500/15, 1.4550, 1.4585/1.4600, 1.4625/30, 1.4670, 1.4700, 1.4725 /30, 1.4760.

GBP /USD

prices move toward the 1.6230 support level. His breakthrough opens testing mark 1.6200. On the possibility of such an outcome can say that at 4-hour chart (Fig. 7) and the trend indicator OsMA, and both oscillator purchased a downward direction. On the hourly chart (Fig. the situation is the same way, thus confirming the assumption about the possibility of a breakthrough of the level of support and further decline. OsMA, SS and RSI were fixed in a bearish direction.
In light of this, in my opinion, the possibility of opening positions on the sale with a close stop-loss should be considered only after confirmation of a breakthrough level of support 1.6230.

Support: 1.6230, 1.6200, 1.6170, 1.6140/30, 1.6100, 1.6060, 1.6000, 1.5960, 1.5900, 1.5800, 1.5770, 1.5700, 1.5660, 1.5620/00, 1.5500, 1.5430, 1.5400.

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