Comment by Haitham653 on October 15, 2012 at 12:44pm

We've already have positive news from United States, most likely the EURO would test 1.2900 levels once again!!!!

The fundamental outlook supports the technical view on smaller time frames !!!

Comment by Haitham653 on October 15, 2012 at 3:09pm

Hello Fin..

I would agree with that, above 1.3000 we might have some bullish momentum but overall the pair is vulnerable above 1.3000 with stability below 1.3200 levels...

Thanks for your comment ..

Comment by Haitham653 on October 15, 2012 at 8:19pm

USDJPY: more gains are suggested as long as 78.60 holds, stability above this level would increase the risk toward 80.00 levels !!!

But in return , losing 78.60 might delay the bullish move or turn the bias back to the downside !!!

Best regards

Haitham...

Monday 15 Oct 2012  20:19

Comment by paul chijioke okeke on October 16, 2012 at 12:00am

Hi Haitham,want to find if you do on NZD/USD just to view it

Comment by Haitham653 on October 16, 2012 at 5:32am

Hi paul and sorry for late!!

As show on the daily chart below,the pair is in upward mode in medium term, but in short term view the pair is in consolidation mode after forming double top pattern on daily chart around  0.8355, this scenario makes the pair under strong pressure, anyway, the consolidation is expected to be contained at 0.8130, losing this level with daily close would mean that the bullish momentum in short term is lost, a clear break below 0.8075 would completely end the bullish phase and target 0.7920/0.7820 levels...

Above 0.8265 will flip bias back to the upside testing the recent highs!!!

by taking a quick look to the daily chart, buying the pair now I think is risky a bit, I recommend selling around tops with tight stop like 0.8265...

Resistance : 0.8190    0.8250   0.8305

Support      : 0.8130    0.8075   0.8015

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