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BFI: Currency market commentary

27.06.2008 10:10 pi±tek

Good morning. With great pleasure we would like to present our today's market forecasts.

EUR\USD
Capped by 1.5760, is seen returning to 1.5670, at first. Below that level, the main support is at 1.5620. Resistance is still seen at 1.5760, the main bullish break point is at 1.5850.

USD\JPY
After strong resistance met on 108.60, is rebound from support line at 106.60. A rebound above 107.10 would argue for a return towards 107.60 at first. New test of resistance is still expected.

USD\CHF
Following strong resistance, is seen rebound towards 1.0310, with 1.0210 as a strong support. Above 1.0310, a return towards 1.0380 would be expected.

GBP\USD
Is testing a bullish reversal, quickly finding resistance on the breach of 1.9860. The currency pair is seen between 1.9880 and 1.9770, as a neutral range, above 1.9880, next target is at 1.9990.


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