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Jun28
Forex Technical Analysis for Monday, June 29th, 2009
Filed under: Forex Analysis; Tagged as: Daily Forex Analysis, Daily FX, Forex Broker, Forex Online, Forex Trading, Technical FX analysisDaily FX – Day Trading FX
Currency
Daily stance
Analysis
EURUSD 0/+ Cautiously bullish for now, we are buying looking for upside towards 1.4010, stop at 1.3910. EURJPY 0/+ Looks like solid bids available around 133.00, looking for 135.50. USDJPY 0/+ Support 96.60, resistance around 97.20 area, and more offers around 98.00. GBPUSD 0 Ranging 1.6345 and 1.6300, look for cable to hold around these levels. AUDUSD 0/+ Gains bring capped at 0.8050 for now, work to buy break of 0.8055 bid. Forex Options Trading
FX-Options
Analysis
EURUSD Still no clear direction in the market and still mainly buyers in 1w-2w strikes. Could likely see it trading in a range again for some days until FOMC next week. USDJPY Yen vols are crushed as spot does not seem to be heading any lower. Front end sees plenty of sellers so spot is likely to trade in a range or creep higher. AUDUSD Vols are not spared the selloff as well, with spot up around half a figure in Asia offers are getting aggressive. Likely to see spot steadily higher. 
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