Free Forex Alert

EUR/USD
Date: Thu, 3 January 2008 13:10:05
Resistance levels: 1.4750/1.4800/1.4840
Support levels: 1.4700/1.4650/1.4590

EUR/USD has risen above 1.4750 target to 1.4780 high earlier today before the stronger than expected US ADP Employment Report data Now focus will be on US Factory Orders Numbers at 15:00 GMT As long as price holds above 1.4650 first important Support the uptrend remains intact for test of 1.4800 over the next trading sessions On downside below 1.4650 Support may turn price back to 1.4590-80 area and even .4520-15 area tomorrow First minor Support comes around 1.4700 We prefer to stay aside for now ahead of the key US Non Farm Payrolls numbers tomorrow

Strategy-neutral.

<-By Free Forex Alert ->

GBP/USD
Date: Thu, 3 January 2008 13:10:04
Resistance levels: 1.9840/1.9900/2.0000
Support levels: 1.9750/1.9700/1.9650

GBP/USD has fallen further to 1.9711 lows earlier today The bias remains bearish as long as price is below 1.9840 first Resistance for test towards 1.9650 over today and tomorrow First Support comes around 1.9750 On the other side, a break above 1.99 again is needed for reversal towards 2.0000-20 high area First Resistance comes in the 1.9830-40 area

Strategy-neutral.

<-By Free Forex Alert ->

USD/JPY
Date: Thu, 3 January 2008 13:10:03
Resistance levels: 109.80/110.70/111.70
Support levels: 108.80/108.30/107.20

USD/JPY has dropped sharply down below our target at 108.30 over the last trading sessions as it was suggested The downtrend remains intact for further downmove towards 107.20 bottom over the next trading days . On the other side, a break above 109.70 first Resistance again is needed for recovery towards 110.70 and 111.70-80 area

Strategy-neutral.

<-By Free Forex Alert ->