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BFI: Currency market commentary

02.09.2008 09:53 wtorek
EURUSD
The area of 1,4510 is a strong support, however we assume breach of this level is very probable. It would lead to 1,4450 region. Only the return above 1,4620 would cancel this scenario.

USDJPY
108,40/50 is a good level to open short positions. Expected drops can reach 107,40 or even 106,80.

USDCHF
Is still staying in range 1,1080-1,0990. Upside rebound would stand for a rally up to 1,1140/1,1200.

GBPUSD
Breach of 1,7990 has led to dynamic drops to 1,7850. We expect this movement to continue and assess destination target for 1,7750. Retreat above 1,7990 can stop this scenario for a while.


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