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Edition:  English |   عربي 
Edition:  English |   عربي 
Edition:  English |   عربي 
U.S. MARKETS
EURO MARKETS
ASIA MARKETS
Daily Reports  Tuesday February 14 , 2012 11:46 GMT
Technical Cross
Great British Pound vs. Japanese Yen (GBP / JPY)


Midday Report

 gbpjpy14_02_2012_02

The pair settled in areas around 122.30 and rebounded to the upside, targeting the level of 123.00. Therefore, our suggested scenario remains valid for the rest of the session today, supported by Stochastic and SMA 50.

The trading range for today is among the major support at 121.35 and the major resistance at 124.80.

The short-term trend is to the downside as far as 150.00 remains intact targeting 112.00.

Previous Report



Support122.25121.70121.35120.60120.35

Resistance122.60123.00123.80124.25124.80

RecommendationBased on the charts and explanations above, our opinion is buying the pair around 122.25, targeting 123.80 and then 124.80 and stop loss with 4-hour closing below 121.35 might be appropriate


Euro vs. Japanese Yen (EUR / JPY)


Midday Report

eurjpy14_02_2012_02 

The pair settled for areas around 102.35 and then rebounded to the upside to provide new attempts to breach the level of 103.00, while Stochastic is still positive over 4-hour basis. In result, our morning expectations remain as they are, yet stability above 101.80 is required for our expectations to prevail.

The trading range for today is among the major support at 101.00 and the major resistance at 104.80.

The short-term trend is to the downside as far as 123.30 remains intact, targeting 94.80.

Previous Report



Support102.00101.40100.80100.1599.25

Resistance103.35103.80104.25104.75105.15

RecommendationBased on the chart and explanations above, our opinion is buying the pair around 102.00, and taking profit at 103.80 and 104.80 and stop loss below 101.40 might be appropriate


Euro vs. Great British Pound (EUR / GBP)


Midday Report

 eurgbp14_02_2012_02

The pair continues to trade within narrow levels since the morning, yet it is still stable above SMA 50, while we are still waiting the pair to breach one of the critical levels mentioned in our morning report. Therefore, our morning scenario remains valid for the rest of the session today.

The trading range for today is among the major support at 0.8170 and the major resistance at 0.8550.

The short-term trend is to the upside as far as 0.8170 remains intact, targeting 1.0370.

Previous Report



Support0.83550.83100.82550.82000.8170

Resistance0.84200.84400.84800.85500.8605

RecommendationBased on the chart and explanations above, our opinion is buying the pair with 4-hour closing above 0.8420, targeting 0.8550 and then 0.8660 and stop loss with 4-hour closing below 0.8310 might be appropriate. Or selling the pair with 4-hour closing below 0.8310, and taking profit at 0.8170 and then 0.8100 and stop loss above 0.8420 might be appropriate. Based on the chart and explanations above, our opinion is buying the pair with 4-hour closing above 0.8420, targeting 0.8550 and then 0.8660 and stop loss with 4-hour closing below 0.8310 might be appropriate. Or selling the pair with 4-hour closing below 0.8310, and taking profit at 0.8170 and then 0.8100 and stop loss above 0.8420 might be appropriate.


 
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