Free Forex Alert

EUR/USD
Date: Fri, 18 January 2008 13:10:05
Resistance levels: 1.4700/1.4750/1.4850
Support levels: 1.4600/1.4650/1.4600

EUR/USD has found Support at 1.4600 , rebounding back towards 1.4700 first Resistance earlier today No important fundamental news today The bias has turned into negative for test of 1.4500 key level over the next trading days First important Support comes near 1.4600 yesterday bottom . On the upside, a break above 1.4750 again is needed for resuming the uptrend towards 1.4850 and higher.First Resistance comes at 1.4700

Strategy-neutral.

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GBP/USD
Date: Fri, 18 January 2008 13:10:04
Resistance levels: 1.9680/1.9750/1.9830
Support levels: 1.9560/1.9530/1.9500

GBP/USD has eased sharply below 1.9575 our first target earlier today on disappointing ( -0.4%) UK Retail Sales numbers We have booked 60 pip profit over the first part of our Short position. The bias is bearish currently for test towards 1.9500 target over the next trading sessions and even 1.9380 in longer term On the other side , beyond 1.9630 may squeeze price towards 1.9680 later today

Holding GBP/USD Short at 1.9635,Stop-loss-1.9630( down from 1.9675) , Take profit-1.9575( 1.9530)

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USD/JPY
Date: Fri, 18 January 2008 13:10:03
Resistance levels: 107.50/108.00/108.50/109.20
Support levels: 107.00/106.50/106.00

USD/JPY has tested 107.50 first Resistance earlier today No change in our view. 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, a break above 107.30 first Resistance is needed for reversla towards 108.00 and 108.50 in mid term.

Strategy-neutral.

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