Easy Money Alert

EUR/USD
Date: Thu, 31 January 2008 13:10:05
Resistance levels: 1.4900/1.4920/1.4965
Support levels: 1.4820/1.4750/1.4700

EUR/USD has risen sharply beyond 1.4900 again earlier today ( just a shy away from our second target at 1.4920) We have booked 60 pip profit for the first part of our Long position Unfortunately, the rest of the position has been stopped at 1.4830 with small 10 pip profit Today focus will be on the US Core PCE numbers at 13:30 GMT The consensus is at 0.2% The break beyond 1.4780 signals further upmove towards 1.4920 and retest of 1.4965 record highs over the next trading sessions if the number comes out at 0.0% or more negative On downside, ease back to first Support comes around 1.4820 is possible if the number comes out at 0.4% or higher Look to buy again on pullback for test higher towards 1.4920 and even 1.4965 in longer term

Holding EUR/USD Long at 1.4820,Stop-loss-1.4830( up from 1.4780) ,Take profit-1.4880( 1.4920)

GBP/USD
Date: Thu, 31 January 2008 13:10:04
Resistance levels: 1.9900/2.0020/2.0150
Support levels: 1.9820/1.9800/1.9730

GBP/USD still trading in wide range over the last trading sessions No change in our view The break above 1.9790 previous important levels recovers price beyond 1.9900 and opens territory for test of the target at 2.0020 The longer term target is around 2.0150 On downside, below 1.9730 Support eases price back to 1.9600 bottom in mid term In short ter, a break below 1.9825-20 lows area may cause fall to 1.9730 over today and tomorrow .

Strategy-neutral.

USD/JPY
Date: Thu, 31 January 2008 13:10:03
Resistance levels: 107.00/107.50/107.90
Support levels: 106.00/105.00/104.20

USD/JPY has tested 106.00 our target after FED Rate Decision as it was suggested No change in our view. The bias remains bearish for further downmove below 106.00 and even towards 104.20 in longer term as long as price remains below 107.90 key level First Support comes at 106.00 ahead 105.00 stronger one On the upside, a break above 107.90 again signals for reversal in the bias and test of 108.50 and 110.10 in longer term First Resistance comes near 107.00 ahead of 107.50 yesterday highs Trade from short side for test towards 105.00 and even 104.20 over the next trading sessions

Sell USD/JPY at 106.00, Stop-loss-106.40, Take profit-105.40( 104.60)