ANALIZA TEHNICA FOREX

Deltastock Daily FX Analysis EUR/USD USD/JPY GBP/USD

EUR/USD

March 12, 2010
Current level-1.3724

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.

As expected, the pair broke through 1.3680 and is currently testing 1.3736 high. Further appreciation is to be expected, towards 1.3850 main target. Initial support comes at 1.3705, followed by the crucial 1.3624.

resistance

support

intraday	intraweek
1.3736	1.3850
1.3850	1.4580

intraday	intraweek
1.3705	1.3440
1.3624	1.2880

USD/JPY

March 12, 2010
Current level - 90.43

The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54.

Current bias is neutral, but the support around 90.18 is expected to hold and to provide a reliable base for the next upmove towards 91.50 dynamic resistance.

resistance

support

intraday	intraweek
90.80	93.40
91.50	95.60

intraday	intraweek
90.18	87.36
89.50	79.60

GBP/USD

March 12, 2010
Current level- 1.5115

The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.

With yesterday's break above 1.5020 the road was cleared for a test of the 1.5120 resistance. Later today expect a break beyond to target 1.5260-5352 area. Initial support comes at 1.5070, followed by the crucial 1.5025.

resistance

support

intraday	intraweek
1.5120	1.5352
1.5260	1.5833

intraday	intraweek
1.5070	1.4460
1.5025	1.3506