frightful
24-06-2003, Tue 1:48 PM
GBP/USD
Cable hovered in a narrow range between 1.6660 and 1.6675. Resistance is eyed at 1.6710 - which marks the 38.2% retracement of the drop from 1.6904 to Friday's low at 1.6582. Further gains will face resistance at 1.6745 - the 50% retracement of the aforementioned rally and 1.6780. On the downside, support begins at 1.66, backed by 1.66, and 1.6580. Subsequent floors emerge at 1.6545 - the ascending trendline support stemming from 1.5715 (April 22) through 1.6235 (June 3), backed by 1.65, and 1.6465.
USD/JPY
The Nikkei average fell through the key 9,000-level for the first time in a week, losing over 2% to 8,950 on the session. Leading Japanese shares lower on Tuesday were declines on Wall Street, with the Dow Jones and Nasdaq dropping 1.39% and 2.07%, respectively. The BoJ meets this week to mull over monetary policy, with the results being announced Tuesday evening (New York time). The Bank of Japan held policy unchanged in its previous meeting, but announced plans to begin the purchase of asset-backed securities. Many expect the BoJ to further elaborate on those plans, as well as address the JGB market.
Dollar/yen recouped somewhat from yesterday's fall, climbing back towards 117.80, near the previous trendline support stemming from 115.06 low (May 19) through 117.15 low (June 15). Resistance is seen at 118, followed by 118.20 - the 61.8% retracement of Monday's drop from 118.61 to 117.46, and 118.40-50. Subsequent ceilings emerge at 118.65 - the pair's 100-day moving average, followed by 119. On the downside, support is seen at 117.40-50, backed by 117.15 - a support zone from June 13 and 16, and 116.75. Additional floors stand at 116.45, and 116.15-20.
AUD/USD
AUDUSD has edged higher to 0.6645, recovering somewhat from previous session's losses. Interim resistance is eyed at 0.6660, followed by 0.67 and 0.6720. Subsequent ceilings are seen at 0.6740, backed by 0.6775 and 0.68. On the downside, support is eyed at 0.6617, the 61.8% retracement of the rally from 0.6542 (June 11) to last week's four-year high at 0.6736. A breach below will target 0.66, backed by 0.6580 and 0.6542 - a previous low.
USD/CHF
The pair holds steady near 1.3240. Resistance is eyed at 1.3275, followed by 1.3351 and 1.34. Subsequent ceilings are eyed at 1.3430 - which marks the 38.2% retracement of the decline from 1.4078 (April 7) to 1.2782 (May 27) and 1.3480-1.35. Support is seen at 1.32, backed by 1.3140, and 1.31. Subsequent floors eyed at 1.3060, followed by 1.30 and 1.2960.
وبالتوفيق لابد من احياء هذا القسم من المنتدى
Cable hovered in a narrow range between 1.6660 and 1.6675. Resistance is eyed at 1.6710 - which marks the 38.2% retracement of the drop from 1.6904 to Friday's low at 1.6582. Further gains will face resistance at 1.6745 - the 50% retracement of the aforementioned rally and 1.6780. On the downside, support begins at 1.66, backed by 1.66, and 1.6580. Subsequent floors emerge at 1.6545 - the ascending trendline support stemming from 1.5715 (April 22) through 1.6235 (June 3), backed by 1.65, and 1.6465.
USD/JPY
The Nikkei average fell through the key 9,000-level for the first time in a week, losing over 2% to 8,950 on the session. Leading Japanese shares lower on Tuesday were declines on Wall Street, with the Dow Jones and Nasdaq dropping 1.39% and 2.07%, respectively. The BoJ meets this week to mull over monetary policy, with the results being announced Tuesday evening (New York time). The Bank of Japan held policy unchanged in its previous meeting, but announced plans to begin the purchase of asset-backed securities. Many expect the BoJ to further elaborate on those plans, as well as address the JGB market.
Dollar/yen recouped somewhat from yesterday's fall, climbing back towards 117.80, near the previous trendline support stemming from 115.06 low (May 19) through 117.15 low (June 15). Resistance is seen at 118, followed by 118.20 - the 61.8% retracement of Monday's drop from 118.61 to 117.46, and 118.40-50. Subsequent ceilings emerge at 118.65 - the pair's 100-day moving average, followed by 119. On the downside, support is seen at 117.40-50, backed by 117.15 - a support zone from June 13 and 16, and 116.75. Additional floors stand at 116.45, and 116.15-20.
AUD/USD
AUDUSD has edged higher to 0.6645, recovering somewhat from previous session's losses. Interim resistance is eyed at 0.6660, followed by 0.67 and 0.6720. Subsequent ceilings are seen at 0.6740, backed by 0.6775 and 0.68. On the downside, support is eyed at 0.6617, the 61.8% retracement of the rally from 0.6542 (June 11) to last week's four-year high at 0.6736. A breach below will target 0.66, backed by 0.6580 and 0.6542 - a previous low.
USD/CHF
The pair holds steady near 1.3240. Resistance is eyed at 1.3275, followed by 1.3351 and 1.34. Subsequent ceilings are eyed at 1.3430 - which marks the 38.2% retracement of the decline from 1.4078 (April 7) to 1.2782 (May 27) and 1.3480-1.35. Support is seen at 1.32, backed by 1.3140, and 1.31. Subsequent floors eyed at 1.3060, followed by 1.30 and 1.2960.
وبالتوفيق لابد من احياء هذا القسم من المنتدى