Market analysis for the most important currency pairs on the Forex Market 23.02.2010

This analysis serves solely for informational purposes and can’t be considered as a trading invitation.

We suggest for opening of a position to use pending orders with Stop / Loss and Take / Profit limits.

Currency pair:  EUR/USD

Market price (reversal point): 1.3785

Main trading strategy: Sell, target: 1.3700

Alternative trading strategy: Buy, target: 1.3855

Currency pair:  GBP/USD

Market price (reversal point): 1.5485

Main trading strategy: Sell, target: 1.5400

Alternative trading strategy: Buy, target: 1.5530

Currency pair:  USD/JPY

Market price (reversal point): 91.30

Main trading strategy: Sell, target: 90.80

Alternative trading strategy: Buy, target: 91.95

Currency pair:  EUR/JPY

Market price (reversal point): 123.65

Main trading strategy: Buy, target: 124.85

Alternative trading strategy: Buy, target: 122.90