Free Forex Alert

EUR/USD
Date: Wed, 9 January 2008 13:10:05
Resistance levels: 1.4740/1.4800/1.4840
Support levels: 1.4650/1.4590/1.4520

EUR/USD has remained ranged between 1.4740 first Resistance and 1.4650 key Support over the last trading sessions 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: Wed, 9 January 2008 13:10:04
Resistance levels: 1.9700/1.9750/1.9840
Support levels: 1.9600/1.9550/1.9500

GBP/USD has fallen further below our target at 1.9620 earlier today No change in our view. The bias remains bearish as long as price is below 1.9840 first Resistance for test towards 1.9550 and even 1.9300 in longer term First Support comes around 1.9600 On the other side, a break above 1.9840 is needed for reversal in the bias towards 1.9880-1.9900 area in longer term .First Resistance comes around 1.9700 ahead of 1.9750 key one Trade from short side for test towards 1.9620 and 1.9550 in longer term. The key event will be Bank of England Rate Decision tomorrow

Strategy-neutral.

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USD/JPY
Date: Wed, 9 January 2008 13:10:03
Resistance levels: 109.80/110.70/111.70
Support levels: 108.80/108.00/107.20

USD/JPY 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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