Daily FX 10 July 2012‏

	Foreign Exchange
July 10, 2012	Daily Technical Analysis
Major Currency Pairs  Economic Calendar  News  Currency Converter  Immediate online assistance Get up to 20% Cashback Bonus on your initial deposit, made using the online payment system Skrill! Learn more MetaTrader 4 is now available as a standalone platform by Deltastock. Trade 80 currency pairs or spot gold and silver with no requotes and no commissions. Learn more Place your instant execution orders on live, streaming quotes on 80 Currency Pairs, spot Gold and Silver, and over 1000 CFDs on Stocks, Indices, ETFs, Commodity Futures, Crude Oil Futures, and Financial Futures in Delta Trading. Learn more Open a FREE Practice Account	Date: 10.07.2012 Major Currency Pairs:   EUR/USD   USD/JPY   GBP/USD EUR/USD July 10, 2012 - Current level - 1.2299 The break of the 1.2280 support signals a further decline to 1.2150 followed by 1.1880. There is a chance of a correction to 1.2406 after which the downward trend would be reinforced with a fall to the intraweek levels of support mentioned above. resistance intraday intraweek 1.2406 1.2560 1.2445 1.2650 support intraday intraweek 1.2280 1.2150 1.2150 1.1880 USD/JPY July 10, 2012 - Current level - 79.50 As far as the price action remains above 79.50, it will be reasonable to expect a new test of 80.60 and 81.45. Downward movement could be anticipated should USD/JPY break below the trendline and hold at levels below 79.20. resistance intraday intraweek 80.00 80.60 80.60 81.45 support intraday intraweek 79.20 77.65 78.60 75.55 GBP/USD July 10, 2012 - Current level - 1.5518 The pair is in a downtrend after the unsuccessfull test of 1.57. A break below the 1.5450 support level  will expose the June 2012 low,  1.5270, for a test. resistance intraday intraweek 1.5730 1.5841 1.5780 1.6050 support intraday intraweek 1.5450 1.5400 1.5400 1.5270
Financial Analysts Deltastock AD 1784 Sofia, Bulgaria 115 G Tsarigradsko Shose Blvd. Megapark Office Building Office Area "E", floor 6 phone: +359 2 811 50 50/811-50 55 fax: +359 2 811 50 49 E-mail: analysts@deltastock.bg	These analyses are for information purposes only. They do not post a buy or sell recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Deltastock's Analyst Deptartment also takes into consideration a number of fundamental and macroeconomic factors, which we believe may impact the price moves of the observed instruments. Deltastock AD assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Deltastock AD. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without prior notice.
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