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BFI: Currency market commentary

27.08.2008 09:51 ¶roda
Good morning. Here come our currency market forecasts for today.

EURUSD
After yesterday's rebound for today we expect range of trading between 1,4640-1,4720. Below the lower limit there is a high probability of a fall to 1,4570. In case of a breakout we may witness gains to 1,4770 or even 1,4820.

USDCHF
The pair is seen in range 1,0920-1,1040. Above the upper limit gains can reach 1,1080.

USDJPY
Fall during the last night led to the breach of the short-term downtrend line below 109,30. There is a chance for drops to 108,40/50. Return above 109,70 will make rebound towards 110,40 possible.

GBPUSD
Range of trading for today is set 1,8360-1,8480. Downside rebound can reach 1,8310. Breach of the upper limit may result in gains to 1,8540.


For more comments and recommendations please visit our website www.bavariafund.com

 

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