Free Forex Alert

EUR/USD
Date: Thu, 10 January 2008 13:10:05
Resistance levels: 1.4700/1.4740/1.4800/1.4840
Support levels: 1.4650/1.4590/1.4520

EUR/USD has traded ranged below 1.4700 first Resistance earlier today as ECB has left the rate unchanged at 4.0% as it was widely expected No change in our view. 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 important 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: Thu, 10 January 2008 13:10:04
Resistance levels: 1.9600/1.9660/1.9750
Support levels: 1.9540/1.9500/1.9300

GBP/USD has bounced towards 1.9680 as Bank of England has left the rate unchanged as it was suggested in our previous report , falling back to 1.9550 over the last trading hours No change in our view. The bias remains bearish as long as price is below 1.9830 first Resistance for test towards 1.9500 and even 1.9300 in longer term First Support comes in the 1.9550-40 area On the upside , a break above 1.9660 may signals recovery towardes 1.9750 and 1.9830 in longer term First minor Resistance comes at 1.9600.

Strategy-neutral.

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USD/JPY
Date: Thu, 10 January 2008 13:10:03
Resistance levels: 110.10//110.70/111.70
Support levels: 109.20/108.80/108.00

USD/JPY has bounced above 109.80 previous first Resistance and up boundary of the 108.80-109.80 range in Asia The break above 109.70-80 first Resistance area may signal for further recovery towards 110.70-80 area and even 111.70-80 area in longer term. On the other side, a break below 109.20 first important Support resumes the downtrend towards 108.20 over today and tomorrow and 107.20 in longer term

Strategy-neutral.

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