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Jun21
Forex Technical Analysis for Monday, June 22nd, 2009
Filed under: Forex Analysis; Tagged as: Daily Forex Analysis, Daily FX, Forex Broker, Forex Online, Forex Trading, Technical FX analysisDaily Forex – Day Trading FX
Currency
Daily stance
Analysis
EURUSD 0/- Selling rallies near 1.3820 area, targeting support of around 1.3750 and further down towards 1.3650 EURJPY 0/- Finding some bids aound 133.30. We prefer sell rallies from here. USDJPY 0/- Whipsaw around 96.60-97.00. Expect further downside as we favour JPY over the USD. GBPUSD 0/- Selling 1.6280 with stop above 1.280 bid, looking for 1.6100. AUDUSD 0/- Look for further equity/commodity sell off to see AUDUSD under further pressure. Forex Options Trading
FX-Options
Analysis
EURUSD Front end vols were sold off yesterday with 1w down around 0.8 vols. Main focus has been around the 1.3750 level so likely to see spot continue to range around 1.38 for the next couple of sessions. 3m and out still sees buyers of EUR calls. USDJPY Yen vols were paid up today on the back of the spot move Risk reversals followed along. The market has been pretty short downside so likely to see further short covering of vols and short gamma stop losses driving the market lower. 
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