Chiến lược lướt sóng phiên Âu 29/10/2010

CURRENCY: EURUSD

Pivot: 1.3825.
Our Preference: LONG positions @ 1.3835 with 1.3925 & 1.3975 as next targets.
Alternative scenario: The downside penetration of 1.3825 will call for a slide towards 1.379 & 1.3735.
Comment: the pair should pull back on its new support ahead of a rebound.

CURRENCY: GBPUSD

Pivot: 1.5870.
Our Preference: LONG positions @ 1.588 with 1.5975 & 1.6005 in sight.
Alternative scenario: The downside breakout of 1.587 will open the way to 1.581 & 1.5775.
Comment: the pair has struck against its resistance and should pull back on its new support ahead of a rebound.



CURRENCY: USDJPY

Pivot: 80.85.
Our Preference: SHORT positions @ 80.8 with 80.5 & 80.4 in sight.
Alternative scenario: The upside breakout of 80.85 will open the way to 81.1 & 81.4.
Comment: the pair remains under pressure and is challenging its previous low.



CURRENCY: EURJPY

Pivot: 112.5
Our preference: Short @ 112.43 with targets @ 111.8 & 111.5 in extension.
Alternative scenario: Above 112.5 look for further upside with 112.9 & 113.25 as targets.
Comment: the pair remains within a bearish channel, the RSI is badly directed.

 CURRENCY:USDCHF
Pivot: 0.99
Our preference: Short positions below 0.99 with targets @ 0.98 & 0.975 in extension.
Alternative scenario: Above 0.99 look for further upside with 0.993 & 0.999 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

 CURRENCY: AUDUSD
Pivot: 0.974
Our preference: Long positions above 0.974 with targets @ 0.982 & 0.9855 in extension.
Alternative scenario: Below 0.974 look for further downside with 0.97 & 0.966 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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