Murray Math Lines 25.02.2013 (USD/JPY, GBP/CHF, AUD/JPY)
25.02.2013
Analysis for February 25th, 2013
USD/JPY
The USD/JPY currency pair is already moving inside an “overbought zone”. Earlier the price rebounded from the daily Super Trend’s line and the bulls started a new ascending movement. If later the market breaks the +2/8 level, the lines at the chart will be redrawn.
On Monday the market was opened with a gap up; the buyers are supported by the H1 Super Trend’s line. If the market is are able to keep the price above the 5/8 level, the price will continue growing up towards the 8/8 one
GBP/CHF
The GBP/CHF currency pair is moving inside an “oversold zone” again. Last Friday the bulls couldn’t keep the price above the H4 Super Trend’s line and the pair broke it downwards. Most likely, in the nearest future the bears will reach the -2/8 level.
At the H1 chart the sellers are trying to keep the price below the 3/8 level; they are supported by the Super Trend’s line. There is a possibility that during Monday or Tuesday the market may continue moving downwards and reach the 0/8 level.
AUD/JPY
After rebounding form the daily Super Trend’s line, the pair continued moving towards new maximums. Most likely, the price will break the 8/8 level in the nearest future. If later the market breaks the +2/8 level, the lines at the chart will be redrawn.
The pair is moving in the upper part of the H1 chart. Last Friday the Super Trends’ lines formed “bullish cross”. The price may break the +2/8 level today. In this case, the lines at the chart will be redrawn.
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