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Daily Technical Analysis for Friday, February 08, 2013 - by ForexPeoples.Com | use H4-TF chart.
EURUSD
For EURUSD - this can more bearish IF the seller was truly can break down to that Low fib 1.3369. But, on my see - if price here still move above that 1.3369 = just be aware with retrach for a while to bulls (first). Just it.
GBPUSD
Sideways on still look play here. Look, for GBPUSD - the price candle still move slow so near that 38.2 fib 1.5725. with this look = no nice idea to take a new OP here = just wait and see for this condition = better.
USDJPY
Sideways with still to probably bearish on play here. I see - because the price on USDJPY on was too high, this can be pullback down to bearish if 23.6 fibo at 93.18 can be break down by seller. Sl for sell Op = wise to set at above that resistance 94.06.
USDCHF
Till now - this still look nice bulls. On simple see - USDCHF want try re-test that strong resistance line at 0.9228. Search again for buy opportunity with use target profit to near that resistance 0.9228 = good action now (because price now was move up above that 76.4 fib 0.9179). 🙂
Regards.
EURUSD
For EURUSD - this can more bearish IF the seller was truly can break down to that Low fib 1.3369. But, on my see - if price here still move above that 1.3369 = just be aware with retrach for a while to bulls (first). Just it.
GBPUSD
Sideways on still look play here. Look, for GBPUSD - the price candle still move slow so near that 38.2 fib 1.5725. with this look = no nice idea to take a new OP here = just wait and see for this condition = better.
USDJPY
Sideways with still to probably bearish on play here. I see - because the price on USDJPY on was too high, this can be pullback down to bearish if 23.6 fibo at 93.18 can be break down by seller. Sl for sell Op = wise to set at above that resistance 94.06.
USDCHF
Till now - this still look nice bulls. On simple see - USDCHF want try re-test that strong resistance line at 0.9228. Search again for buy opportunity with use target profit to near that resistance 0.9228 = good action now (because price now was move up above that 76.4 fib 0.9179). 🙂
Regards.