Free Forex Alert

EUR/USD
Date: Thu, 17 January 2008 13:10:05
Resistance levels: 1.4700/1.4750/1.4850
Support levels: 1.4600/1.4650/1.4600

EUR/USD has recovered to 1.4700 first Resistance earlier today Today focus will be on US Housing Starts numbers and Bernanke Speech at 13:30 GMT The consensus is at 1.150 mln The bias has turned into negative for test of 1.4500 key level over the next trading days If the number comes out at 1.200 mln or stronger ease back towards 1.4600 daily bottom is not ruled out . On the upside, a break above 1.4750 again is needed for resuming the uptrend towards 1.4850 and higher.In short term, if the number comes out at 1.050 mln or more negative test of 1.4750-60 area may be seen

Strategy-neutral.

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GBP/USD
Date: Thu, 17 January 2008 13:10:04
Resistance levels: 1.9720/1.9750/1.9830
Support levels: 1.9600/1.9530/1.9500

GBP/USD still trading in wide range below 1.9750 important level over the last trading sessions On the upside, a break above 1.9750 is needed for further recovery towards 1.9830 over today and tomorrow . On the other side, the bias remains slightly negative for further downmove towards 1.9500 and 1.9380 in longer term First immediate Support comes at 1.9600

Strategy-neutral.

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USD/JPY
Date: Thu, 17 January 2008 13:10:03
Resistance levels: 107.40/108.00/108.50/109.20
Support levels: 107.00/106.50/106.00

USD/JPY has fallen back below 107.00 first Support earlier today The bias remains bearish for further downmove below 106.00 and even 104.20 in longer term First Support comes around 107.00 On the upside, above 108.00 Resistance may recover price higher towards 109.20 and 109.70 highs over the next trading days . In near term stronger than expected data from USA may boost price to 107.40 first Resistance after the Release.

Strategy-neutral.

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