The Cross GBPUSD tested the level of 1,8630, where, traders said, stops were set. Before the publication of GDP data in Great Britain as a 2nd quarter the British Pound fell to the mark of 1,86558, and after the publication the fall of Pound continued. Ask in the background of take profit swallowed up executed stops. A break below this level conditions a movement to 1,8610/00.

According to the Department of National Statistics, in the 2nd quarter the British economics did not rise. In the yearly ratio the rate of growth consists 1,4%. Activity in the service sector was reviewed to reduction to 0,2% qu/qu from 0,4%. It is the lowest indox from 1995 years.

Devisenanalyse - USDCAD

Das Währungspaar USDCAD hat am Beginn des Devisenmarktes im Mittwoch eine genug positive Dynamik, aber konnte Aufträge für den Verkauf am Bereich von C$1,0650 nicht überwinden. Das führte Marktteilnehmer zu Gewinnmitnahme, die bei der Bekanntgebung von Statistik Kanadas bekräftigt wurde. Dabei bemerken die Dealer, dass die besondere Aktivität beim Verkauf des Crosses der schweizerische Name gezeigt. Zurzeit hält das Cross USDCAD um C$1,0570, erhaltend etwa Unterstützung von C$1,0585/80, aber die Überwindung nach unten kann einen weiteren Abstieg in Richtung auf C$1,0565 und C$1,0545. Offers bleiben bei den Hochs der Session und im Bereich von C$1,0670.

Technical Analysis - GBPUSD

While daily indicators give signals of reverse, the daily Bollinger Bands becomes wider, increasing risk of furhter falling. Hour support goes through near $1,8554, but break below $1,8510/20 can show the Cross the way and allow it to fall to the long-term line of support at $1,8428.

RES 4: $1.8900 23.6% Fibonacci correction level
RES 3: $1.8838 low of Nov. 2006
RES 2: $1.8785 high of 14 Aug.
RES 1: $1.8720 high of 18 Aug.

Current course : $1.8584

SUP 1: $1.8510/20 low of Aug. 2008, correction low of Oct. 2006
SUP 2: $1.8428 Support line from 18 Sept. 2007
SUP 3: $1.8332 100% projection level between $2.1158 - $1.9339, built from $2.0151
SUP 4: $1.8300 lower line of Bollinger Bands

Devisenanalyse - EURJPY

Das europäische gemeinsame Währung demonstriert heute gegenüber dem japanischen Yen Versuche zur weiteren Erholung vom jüngsten Tief um Y161, 35 und zurzeit halt sich um Y163,50 bei der Begegnung des Widerstands von Bären im Bereich vom Mittwochshoch. Dealers berichten, dass das Interesse zur Verkauf werde bis zum Bereich von Y164,00 beobachtet. Eine Überwindung oben erlaubt dem Cross, den Anstieg in der Richtung zu Y164,40/50 fortzusetzen. Aber technische Analysten Barcleys Capital äußern das Zweifel an der Fähigkeit des Währungspaares, eine wesentliche Erholung zu zeigen. Im Dienstag wurde das Cross unterhalb der Wolke erst vom März des dieses Jahres und mit anderen technischen Signalen bestätigt das die Veränderung des Trends, und es gibt Möglichkeit, eine aufwärts-laufende Korrektur für den Verkauf der europäischen gemeinsamen Währung mit dem Ziel im Bereich von Y158,20/60 zu benutzen.

Prodavanje britanskoga funta nije ostavilo igrača po euo. Bez obzira na nekolku podrušku u cross'u sa funtom je euro protiv dolara pao na trgovini u Europi do minimuma u razini do $1,4854. Po stabilizaciji u pozadini fiksacije dobitka EURUSD trenutno pokuša vratiti poziciju, tak što edina europska deviza sreta ne loši otpor sa strane prodavača, koji se nalaze oko $1,4904. Proboj na gore dozvoli euro da produži post protiv dolara do razine $1,4920. Dealer uoče da je postojanja stop'a zadnje razine.

The Statement of British national department of statistics gave the signal that the weakening of worker market in Great Britain seems a little more expressive than expected. It exerted influence on the British Pound and caused its fall to the level of bids at $1,8950/45. These bids could stop bearish movement of the Pound. At this moment GBPUSD trades near the level of $1,8979. Dealers speak about offers at the level of $1,9000, and in the same time the level of big interest is now formed at the level of highs in the session. Absent of special reaction to weak data is conditioned by coming near publication of the statement of bank of England on Inflation, so the dealers. Some speculators want to see in this statement s signal of future rate rising.

Technische Analyse - EURUSD

Der Euro handelt weiter unterhalb des 2% Umschlags und der Unterkante der Bollinger Bänder im Bereich von $1,5096. Das Währungspaar EURUSD geht selten aus den Kanten 2% Umschlags aus, einschließlich bei der Korrektur. Wenn der Bereich von $1,4908 überwindet wird, es in Wirklichkeit keine Unterstützung bis zu $1,4780 gibt.

RES 4: $1.5455 Kanalhoch vom 22 Juli

RES 3: $1.5257/87 ehemalige Unterstützungslinie vom 17 Juli, Tagestief vom 8 Mai

RES 2: $1.5229/40 200-täglicher и 5-täglicher Durchschnitten
RES 1: $1.5095 Unterkante der Bollinger Bänder, 2.00% Umschlag

Aktualer Preis: $1.5010

SUP 1: $1.4908 Stundentief
SUP 2: $1.4780 Tagestief vom 26 Feb.
SUP 3: $1.4763 76.4% Fibonnaci Korrektur in der Spanne des Jahres 2008

SUP 4: $1.4720 Unterstützungslinie vom 20 Dez.

In Friday the European single currency broke the support level of the 200-day moving average which lays at the level of $1,5225. Since then the Euro had never moved up and fell below the level of $1,50. Now the Euro was a little corrected to $1,5060, noted analysts of Robobank. They said that a former resistance level of 4th quarter of 2007 and 1st one of 2008 becomes the nearest support with $1,4925/65. If the support is lost, it may give signals of weakening to the level of $1,4310. A lot of thing belong to the oil price which now shows serious correction. In the short-term perspective the picture in the Euro can be complicated by conflicts between Russia and Georgia.

A break of the 2008 low of GBPUSD at the level of $1,9335 has a meaning to continue the current descending trend in the perspective next some weeks, so experts of Barclays Capital. Now the Cross trades at the level of $1,9230, stabilised in the conditions of consolidation. Interest in buy rests in the range between $1,9215 and 00. While the British Pound keeps its strength, repelling pressure from sellers. The British Pound is a little supported by the factor of sell, which are in form of now executing stops at the level at stg0,7840. Barclays defined the next target in the currency pair GBPUSD as the 200-day moving average that lay on Friday at $1,9020. As for rise of the Cross, only in the case of a close above $1,9410 Barclays may speak about false break. While old lows serve as nearest resistances at the level of $1,9335.

Today Bank of England did not bring any surprise to the market, although nobody did not expect such news from it, taking into account dilemma in the form of economic weakening and high inflation, against which the British Central Bank stand. At the meeting in August the Committee on monetary politics made a decision to leave its rate without change at the level of 5,00%. The British Pound reacted to it first with light weakening, but sells were inactive and ask at the level of $1,9505/10 was enough to let sellers to below. In this time the quotation of GBPUSD trades at the level of session highs near $1,9520. At this level potential of the Cross is limited by offers in the rage between $1,9520 and 30. The biggest interest today is focused on press conference of the president of European Central Bank Jean-Claude Triche which will take place at 14:30 CET.

Today's Market View - USDJPY

Analysts of Standard Chartered positively viewed the perspective of the American Dollar against the Japanese Yen especially after the Cross broke the resistance level of Y108,60. It caused execution of stops, which served as additional stimulus for acceleration of the current ascending trend. In the perspective the bank forecasted Dollar’s raise to the level to Y112,00 and set the target in the middle of this range at the level of 113,30. This level is 61,8% Fibonacci correction level from the fall with the high of the last year at Y124,14. In the case of weakening the support at the level of 106,60 constrain every attempt of sell, so Standard Chartered.

Technical Analysis - EURUSD

EURUSD continues an ascending correction at the beginning of the European Market. The Cross recorded the high at $1,5516, but according to dealers the execution of stops did not give necessary stimulus to the Euro that provoked current take profit. Experts expressed their assumption that the Euro will not move away from the level of $1,5490, because of the strike option in big volume. Offers are in the range between $1,5520 and 1,5525 and above $1,5530/35. Ask seems at the level of $1,5485/80.

Australian Dollar fell below the 200-day moving average and the close below this level, which was first time from August 2007, means a negative signal. But it is necessary to pay attention to the fact that the Cross moves below the 2% envelope that points at excessiveness of movement. Generally long-term perspective seems negative, taking into account bearish trend below the basic moving averages.

RES 4: $0.9556 55-day moving average RES 3: $0.9448/49 10, 100-day moving average RES 2: $0.9323 5-day moving average RES 1: $0.9203 200-day moving average Current quotation: $0.9154 SUP 1: $0.9033 low of 1 Apr. SUP 2: $0.9020 38.2% Fobonacci between $0.7681 and $0.9847 SUP 3: $0.8956 low of 20 MarchSUP 4: $0.8764 50% Fibonacci between $0.7681 and $0.9847

Inspite of current stability of EURCHR analysts of Barclays Capital speak that the Mail high at the level of Chf1,6380 near the current quotation (Chf1,6334) can be stable to tests. So experts expect that in the short-term perspective the Cross will fall under correction that may continue to the support level of Chf1,6250-25. In the same time an exite above the upper limit of the range allows the currency pair to renew a current ascending trend from July's high with a target at the level of Chf.1,65.