Free Forex Alert

EUR/USD
Date: Mon, 7 January 2008 13:10:05
Resistance levels: 1.4740/1.4800/1.4840
Support levels: 1.4650/1.4590/1.4520

EUR/USD has risen towards 1.4740 first Resistance earlier today as it was suggested No important fundamental data today As long as price holds above 1.4650 first important Support the uptrend remains intact for test of 1.4800 and 1.4840 in longer term First Resistance comes around 1.4740. A break above 1.4740 resumes the uptrend towrads 1.4840 , On downside below 1.4650 Support may turn price back to 1.4590-80 area in mid term

Strategy-neutral.

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GBP/USD
Date: Mon, 7 January 2008 13:10:04
Resistance levels: 1.9750/1.9800/1.9840/1.9880
Support levels: 1.9650/1.9620/1.9550

GBP/USD has tested 1.9750 first immediate Resistance earlier today No change in our view. The bias remains bearish as long as price is below 1.9840 first Resistance for test towards 1.9650 and 1.9620 over the next trading sessions On the other side, above 1.9750 first Resistance may boost price to 1.9840 Resistance and even 1.9880 over today and tomorrow First important Resistance comes at 1.9840.

Strategy-neutral.

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USD/JPY
Date: Mon, 7 January 2008 13:10:03
Resistance levels: 109.80/110.70/111.70
Support levels: 108.80/108.00/107.20

USD/JPY has fallen down below 108.00 on Friday after disappointing US Jobless data as it was suggested Currently the pair is trading in the 108.80-109.80 range The downtrend remains intact for further downmove towards 107.20 bottom over the next trading days . First Support comes near 108.80 ahead of of 108.20-00 area 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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