EUR/USD
Date: Fri, 4 January 2008 13:10:05
Resistance levels: 1.4750/1.4800/1.4840
Support levels: 1.4700/1.4650/1.4590
EUR/USD has traded ranged below 1.4780 yesterday highs Today focus will be on the key US Non Farm Payrolls Numbers at 13:30 GMT The consensus is at 70 K As long as price holds above 1.4650 first important Support the uptrend remains intact for test of 1.4800 and 1.4840 over the next trading sessions if the number comes out at 30 K or more negative at On downside below 1.4650 Support may turn price back to 1.4590-80 area later today on Payrolls numbers at 110 K or higher First minor Support comes around 1.4700
Strategy-neutral.
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GBP/USD
Date: Fri, 4 January 2008 13:10:04
Resistance levels: 1.9800/1.9840/1.9880
Support levels: 1.9700/1.9650/1.9620
GBP/USD has fallen further below 1.9700 learlier today The bias remains bearish as long as price is below 1.9840 first Resistance for test towards 1.9650 and 1.9620 in short term on stronger than expected data from USA later today On the other side, disappointing data from USA may boost price towards 1.9840 Resistance and even 1.9880 later today First important Resistance comes at 1.9840.
Sell GBP/USD at 1.9730,Stop-loss-1.9770,Take profit-1.9650( 1.9620)
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USD/JPY
Date: Fri, 4 January 2008 13:10:03
Resistance levels: 109.80/110.70/111.70
Support levels: 108.80/108.30/107.20
USD/JPY still trading below 109.80 first Resistance The downtrend remains intact for further downmove towards 107.20 bottom over the next trading days . First Support comes near 108.80 In short term, retest of 108.20-20 area is not ruled out on weak US Jobless data On the other side, a break above 109.70-80 first Resistance area again is needed for recovery towards 110.70 later today and 111.70-80 area
Strategy-neutral.
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