Free Forex Trading

EUR/USD
Date: Tue, 15 January 2008 13:10:05
Resistance levels: 1.4900/1.4960/1.5000
Support levels: 1.4830/1.4750/1.4650

EUR/USD has held above 1.4830 first Support earlier today as it was suggested. Today focus will be on US Core Retail Sales numbers at 13:30 GMT The consensus is at -0.1% 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 if the number comes out at -0.5% or more negative . On the other side, if the number comes out at 0.4% or higher, ease back below 1.4830 first Support towards 1.4760-50 area may be seen over the next trading sessions.

Buy EUR/USD at 1.4890, Stop-loss-1.4850,Take profit-1.4950( 1.4990)

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GBP/USD
Date: Tue, 15 January 2008 13:10:04
Resistance levels: 1.9660/1.9750/1.9830
Support levels: 1.9560/1.9500/1.9380

GBP/USD has broken beyond 1.9660 previous important Resistance earlier today after stronger than expected UK Consumer Price Index( y/y) We have booked 60 pip profit over the first part of our Long position On the upside, the break above 1.9650-60 high area may recovery price towards 1.9700 and even 1.9750 later today 1.9830 in longer term. On the other side, a break below 1.9600 resumes the downmove towards 1.9500 and 1.9380 in longer term. Stay Long for test towards 1.9750 later today

Holding GBP/USD Long at 1.9600,Stop-loss-1.9620( up from 1.9560) ,Take profit-1.9660( 1.9740)

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USD/JPY
Date: Tue, 15 January 2008 13:10:03
Resistance levels: 108.00/108.50/109.20/109.70
Support levels: 107.20/106.50/106.00

USD/JPY has fallen further towards 107.20 our target in Asia No change in our view As long as price holds below 109.70 first important Resistance further downmove towards 107.20 in short term and 106.50 over the next trading sessions 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 108.00 ahead of 108.50

Strategy-neutral.

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