Currency technical analysis

[B]EUR/USD [/B] [B][U]Resistance[/U][/B] : 1,4760-70/ 1,4800-10/ 1,4835/ 1,4855-60/ 1,4900 [B][U]Support[/U][/B]: 1,4700-10/ 1,4760-70/ 1,4630/ 1,4600/ 1,4570 [B][U]Comment[/U][/B]: Euro continues to consolidate in an effort to form a base after 1.4600 lows. As long as support at 1,4660-70 holds, it will be very possible that the move will be resumed towards 1,4900 or 1,5000 area. Below 1,4650, a short term top would be formed in the hourly chart and a retracement to 1.4570-00 lows or even lower, is possible. Lower targets are set at 1,4500-30 and 1,4430-50. According to our opinion, as you can see in our previous analysis, support at that level is strong. Important intraday resistance is found at 1,4800-10 area once again, followed by the area of 1,4855-60 and 1,4900, which is our basic target… [IMG]http://www.forexfactory.com/attachment.php?attachmentid=144038&stc=1&d=1220013978[/IMG] [B][U]TRADING EUR/USD [/U][/B] [B]SWING TRADING [/B] : Small buy positions have been tried after the reaction at 1,4600, with stops below 1,4640 and targets at 1,4900 or even higher. We may add positions above 1,4820.. [B]INTRADAY TRADING [/B]: The area of 1.4780-00 is offered for intraday sell positions with close targets and stops…The area of 1,4700 and 1,4670 is offered for buy positions. A downward break of 1,4650, will be followed with buy orders and stops below 1.4770 and target at 1,4600… Above 1,4820 we will try buy positions with stops below 1,4770 and targets at 1,4860 and 1,4900. [IMG]http://www.forexfactory.com/attachment.php?attachmentid=144039&stc=1&d=1220013978[/IMG] [B] GBP/USD [/B] [B][U]Resistance[/U][/B] : 1,8310/ 1,8330-40/ 1,8380/ 1,8400-10/ 1,8450/ 1,8480/ 1,8510 [B][U]Support [/U][/B] : 1,8270/ 1,8335-40/ 1,8200/ 1,8175-80/ 1,8145-50/ 1,8100 [B][U]Comment[/U][/B]: The pound continued its decline below our target levels. If there is no important reversal today with close above 1,8400, it will be very possible that the decline will be continued until 1.8130 at first, followed by 1.8000 area… A move below 1.8240 lows, will have as next target the area of 1,8180 and 1,8130. This negative outlook will change after a break of 1,8350, followed by the area of 1,8400, where the ranges of the reversal are found…. [IMG]http://www.forexfactory.com/attachment.php?attachmentid=144040&stc=1&d=1220014039[/IMG] [B][U]TRADING GBP/USD [/U][/B]: The move below 1,8270 canceled our scenario and the move resumption until 1,8130 is possible. Our strategy for today could be trying sell positions in the reactions towards 1,8330-40, adding more at 1,8375-95, with stops above 1,8420. Sell orders will be tried at a possible break of yesterday’s lows… A move above 1,8420, especially with a daily close, will bring the upward scenario back in the game, and the decline will prove to be an extensive move… [IMG]http://www.forexfactory.com/attachment.php?attachmentid=144041&stc=1&d=1220014039[/IMG] [B]USD/JPY [IMG]http://www.forexfactory.com/attachment.php?attachmentid=144042&stc=1&d=1220014039[/IMG] You can find the complete analysis at the pdf... Technical analysis-Comments G. Antonakos Head of Analysis Dept. DISCLAIMER[/B] 1. The details and information included in the above analysis, are part of research based exclusively on currency charts and are of purely instructional and educational nature. None of the information featuring in the analysis can be considered as an invitation for opening positions in FOREX market or in the market of forward contracts or any securities listed on an organized or unorganized market. 2. We assume no responsibility for any kind of losses, profits or property loss resulting, in whole or in part, from acts that are based either directly or indirectly on the processing or the use of information, details and strategies, the reader may find in the analysis. The readers hold full responsibility for the use and the results of their actions. 3. The recipients of the analysis must acknowledge and accept that investment choices of any kind, especially concerning the FOREX market, contain risks (high, low and occasionally zero) of reduction or even loss of their investment. Therefore, they should always be cautious prior to any kind of action. 4. We reserve the right to change the terms and the characteristics of the analysis. 5. The contents of the analysis are solely intended for personal use. They may not be retransmitted, reproduced, distributed, published, adapted, modified or assigned to third parties in any way whatsoever. Anyone having access to them is required to comply with the law provisions on the protection of third party intellectual property rights