Free Forex Signals

EUR/USD
Date: Mon, 14 January 2008 13:10:05
Resistance levels: 1.4900/1.4960/1.500
Support levels: 1.4830/1.4750/1.4650

EUR/USD has risen beyond 1.4900 next target earlier today as it was suggested. No important fundamental news today Tomorrow focus will be on US Core Retail Sales numbers No change in our view The uptrend remains intact for test beyond 1.4900 towards 1.4960-65 previous high area over the next trading sessions . On the other side, 1.4740 previous Resistance has turned into key Support now First Support comes around 1.4830 Look to buy on downsticks for test towards 1.4960 over the next trading days.

Strategy-neutral.

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GBP/USD
Date: Mon, 14 January 2008 13:10:04
Resistance levels: 1.9660/1.9750/1.9830
Support levels: 1.9560/1.9500/1.9380

GBP/USD has recovered towards 1.9660 first important Resistance earlier today On the upside, a break above 1.9650-60 high area is needed for recovery towards 1.9700 and 1.9750 later today and 1.9830 in mid term. On the other side, first Support comes around 1.9560 ahead of 1.9500 stronger one. A break below 1.9500 is needed for resuming the downmove towards 1.9380 in mid term. Focus will be on UK CPI Index and Retail Sales tomorrow

Strategy-neutral.

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USD/JPY
Date: Mon, 14 January 2008 13:10:03
Resistance levels: 108.50/109.20/109.70/110.10
Support levels: 107.20/106.50/106.00

USD/JPY has fallen further to 107.36 lows ( just a shy away from our target at 107.20) over the last trading sessions No change in our view As long as price holds below 109.70 first important Resistance further downmove towards 107.20 may be seen On the upside, a break above 109.70 first Resistance again is needed for resuming the upmove towards 110.10 highs and 110.70 in longer term. First Resistance comes around 108.50

Strategy-neutral.

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