Free Forex Alert

EUR/USD
Date: Wed, 30 January 2008 13:10:05
Resistance levels: 1.4800/1.4860/1.4920
Support levels: 1.4750/1.4700/1.4650

EUR/USD has remained ranged above 1.4740 first Support earlier today Today focus will be on the US GDP ( 4 Q) numbers at 13:30 GMT and then FED Interest Rate Decision at 19:15 GMT . The GDP consensus is at 1.2% The break beyond 1.4780 signals further upmove towards 1.4860 over the next trading sessions and 1.4920 in mid term, especially if FED cuts the rate with 0.50 or 0.75 basis points . First immediate Resistance comes around 1.4800 On downside, ease back towards first Support comes around 1.4750 is not ruled out on US GDP at 0.7% or lower or just 0.25 basis points interest rates cut. Below turns price back to 1.4700 and even 1.4660-50 key Support area in longer term Look to buy on pullback for test higher towards 1.4860 and 1.4920 in longer term

Buy EUR/USD at 1.4820,Stop-loss-1.4780,Take profit-1.4880( 1.4920)

GBP/USD
Date: Wed, 30 January 2008 13:10:04
Resistance levels: 1.9900/2.0020/2.0150
Support levels: 1.9850/1.9800/1.9730

GBP/USD has risen beyond 1.9900 Resistance over the last trading sessions as it was suggested The break above 1.9790 previous important levels recovers price beyond 1.9900 later today 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 First immediate Support comes near 1.9850 ahead of 1.9800 stronger one

Strategy-neutral.

USD/JPY
Date: Wed, 30 January 2008 13:10:03
Resistance levels: 107.20/107.90/108.50
Support levels: 106.00/105.00/104.20

USD/JPY still trading below 117.20 first Resistance earlier today 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 106.50 ahead 106.00 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 at 107.20 previous highs Above that levels squeezes price again towards 107.90 key level later today

Strategy-neutral.