EUR/USD Mainly In Short Term Shock; GBP Is Bearish In Resistance
FX77 | Sep 29, 2014 02:03AM ET
Technical analysis and operation suggestions
Gold
Resistance: 1223 1230
Support: 1211 1205
The gold is at short-term low shock interval from 1210 to 1230, we had better go long at low and go short at high before out of the trend . Today we can buy in resistance near 1223, targeting 1215 to around 1210; in the vicinity of 1212, to stabilize and buy call option. The stop loss is below 1205, targeting 1220 to 1225.
Silver
Resistance: 17.85 18.35
Support: 17.35 17.00
Silver vibrates in point sideways and the shock interval is small. We can operate follow the market after price’s direction of breakthrough. To expected to rise at 18.00 after breaking the pressure 17.73 and the target will be 17.00 if slip below support 17.38.
EUR/USD
Resistance: 1.2725 1.2800
Support: 1.2670 1.2625
The euro will drift sideway at low in hour chart and bearish in resistance after rebound to near 1.2725. We had better set stop loss below 1.2750, targeting near 1.2680 to 1.2650. Today, it is mainly in short-term shock.
USD/JPY
Resistance: 109.50 110.00
Support: 108.20 108.30
USD to JPY stays in high shock interval 109.50-108.30 in short-term. You had better go long in short term. It is likely to test upside 110 if the price breaks 109.50 pressure. We can choose the chance to go short if we observe the price slip below 109.00 support, targeting at the bottom of the range near 108.30
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GBP/USD
Resistance: 1.6280 1.6350
Support: 1.6210 1.6150
Pound is bearish in resistance near 1.6280, targeting near 1.6200 to 1.6150.
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