Analisa Technical 28 May 2010

USD / JPY Still Calm at 91.2

USD / JPY is still in the range of 91.2 to this night. Pair moved relatively narrow ranging throughout the day. Option expiry on the level of interest in selling at 91.0 and 91.5 still continues to be resistance. If 91.5 impregnable, then 92.0 would be the next target. Another option expiry levels were found in 93.0 and 88.0.

Need pound weakened, EUR / GBP Sharp Rise

EUR / GBP 0.851 sped up to around noon today. Action substantial purchasing related needs of the end of the month to make Euro tersupport. In addition, British officials claim that Pound should be weakened to stabilize the depressed economy is making GBP. If the EUR / GBP was not able to continue the momentum, then the target will be 0.84 and 0.833 re-targeted.

Stronger Post-CHF Swiss Export Data Satisfactory

USD / CHF move down to around 1.152 this afternoon, along with the strengthening of CHF. This reinforcement was triggered by rising export reports in Switzerland. Option expiry at 1.15 level and if it penetrated the cells stop reportedly was in the range of 1.149 to 1.148. While for the EUR / CHF, there are reportedly selling interests in 1.428 and resistance will be strong enough before the pair could touch 1.43.

GBP / USD 1.459 at the beginning Tap European Session

GBP / USD rose to 1.459 in early Asian session today, and now slightly turned down to 1.457. If the pair climbed through 1.461, the buy stop was waiting with a target sell limit at 1.464. Buy stop further rumored around 1.465. GBP also middle East tersupport by purchasing plans by Royal Dutch Shell Resource, as well as AIA's acquisition by Prudential.