EUR/USD
Date: Fri, 11 January 2008 13:10:05
Resistance levels: 1.4840/1.4900/1.4960
Support levels: 1.4750/1.4700/1.4650
EUR/USD has made pullback down towards 1.4750 earlier today . No change in our view The uptrend remains intact for test towards 1.4900 and 1.4960-65 previous high area in longer term. First Resistance comes near 1.4840 On the other side, 1.4740 previous Resistance has turned into important Support now ahead of 1.4650 key one. Look to buy on pullback for test towards 1.4900 and 1.4960 over the next trading days.
Strategy-neutral.
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GBP/USD
Date: Fri, 11 January 2008 13:10:04
Resistance levels: 1.9600/1.9660/1.9750
Support levels: 1.9500/1.9380/1.9300
GBP/USD has fallen further to 1.9484 lows earlier today after weak UK Industrial Production data Unfortunately, our Short has been stopped at 1.9545 with small 40 pip loss On the upside, a break above 1.9650-60 high area is needed for recovery towards 1.9700 and 1.9750 First immediate Resistance comes around 1.9600. On the other side, the bias remains bearish with next targets at 1.9380 and even 1.9300 in mid and longer term First Support comes around 1.9500
Strategy-neutral.
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USD/JPY
Date: Fri, 11 January 2008 13:10:03
Resistance levels: 109.20/109.70/110.10//110.70
Support levels: 108.60/108.00/107.20
USD/JPY has fallen further to 108.60 lows over the last trading sessions No change in our view As long as price holds below 109.70 first important Resistance further downmove towards 108.20 over the next trading sessions and 107.20 in longer term may be seen On the upside, a break above 109.70 first Resistance again is needed for resuming the upmove towards 110.10 highs and 110.70 in mid term. First immediate Resistance comes around 109.20
Strategy-neutral.
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