Mizuho Bank. Trading advice on major currency pairs 27/4/09

	Mizuho Bank. Shopping advice
Euro / dollar
Commentary	Euro / dollar trading on Friday completed its thinnest part of the cloud above Ishimoku and 9-day moving average (but not managed to break above 26-day moving average), while on a weekly schedule appeared byche absorption. Momentum is still threatened bullish signal, but any breakthrough is expected at the top of a large flag.
Strategy	Open positions on the purchase of approximately 1.3145 with a stop order below 1.3000. Boost confidence with the long positions break above 1.3305 to make the move towards 1.34 in the short term and continued growth in the direction of 1.36.
Dollar / yen
Commentary	The dollar / yen tests again Friday and the minimum level of correction in the Fibonacci 61.8%, and 9, and 26-day moving averages have formed Medvezhye intersection. Now we consider a maximum of 101.45 in April as the main peak, below which the pair can remain in the next few months, the dollar / yen may continue to decline towards 93.50 on the background of a general weakening of the U.S. currency.
Strategy	Sell on approximately 96.65 and 98.00 with the foot above 98.50. Increase short position in the break below 96.50 with a view to 95.75 in the short term, and 93.50 in the future.
Pound / Dollar
Commentary	The pair consolidates above the upper border of the cloud Ishimoku and completed trades above 26-day moving average. The ability to hold above 1.46 today can support the strengthening of bull sentiment, although in order to be able to count on an impressive rally in the pound / dollar, the bulls need to be closing the week above 1.50.
Strategy	Open positions for buying at 1.4555 with stop order below 1.4380. Short-term goal to 1.4700, then 1.5000.