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Wednesday, January 23, 2008

Free Forex Alert

EUR/USD
Date: Wed, 23 January 2008 13:10:05
Resistance levels: 1.4600/1.4680/1.4750
Support levels: 1.4500/1.4470/1.4360

EUR/USD has eased towards 1.4500 earlier today Further downmove to 1.4470 may be seen later today. Below eases price back to 1.4370-60 region over today and tomorrow. On the uspide, a break above 1.4600 first Resistance is needed for resuming the upmove towards 1.4700 .

Strategy-neutral.

By Free Forex Alert

GBP/USD
Date: Wed, 23 January 2008 13:10:04
Resistance levels: 1.9550/1.9600/1.9700
Support levels: 1.9440/1.9380/1.9330
GBP/USD has fallen below 1.9550 towards 1.9440 next Support earlier today after Bank of England Minutes The break below may reverse the bias and turn price back towards 1.9440 and 1.9330 yesterday bottom in mid term..On the upside, a break above 1.9700 is needed for reversal in the sentiment First important Resistance comes at 1.9600

Strategy-neutral.

By Free Forex Alert

USD/JPY
Date: Wed, 23 January 2008 13:10:03
Resistance levels: 106.00/106.60/107.00
Support levels: 105.00/104.20/103.70
USD/JPY has fallen to 105.00 our target earlier today as it was suggsted in our previous report No change in our view. The bias remains bearish for further downmove below 106.00 and even towards 104.20 in mid term On the upside, a break above 106.60 again is needed for reversal in the bias towards 107.30 First immediate Resistance comes at 106.00

Strategy-neutral.

By Free Forex Alert

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