EUR/USD
Date: Tue, 8 January 2008 13:10:05
Resistance levels: 1.4740/1.4800/1.4840
Support levels: 1.4650/1.4590/1.4520
EUR/USD still trading ranged below 1.4740 first Resistance 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 even 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 over the next trade sessions
Strategy-neutral.
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GBP/USD
Date: Tue, 8 January 2008 13:10:04
Resistance levels: 1.9800/1.9840/1.9880
Support levels: 1.9720/1.9650/1.9620/1.9550
GBP/USD has failed to beak above 1.9840 first key Resistance earlier today Unfortunately, our Long position has been stopped with small 40 pip loss 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 in longer term First Support comes at 1.9720 On the other side, a break above 1.940 is needed for further boost towards 1.9880-1.9900 area.
Strategy-neutral.
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USD/JPY
Date: Tue, 8 January 2008 13:10:03
Resistance levels: 109.80/110.70/111.70
Support levels: 108.80/108.00/107.20
USD/JPY has failed to break above 109.80 Resistance once again earlier today The pair is still 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 in mid term and 111.70-80 area
Strategy-neutral.
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