Free Forex Alert

EUR/USD
Date: Mon, 21 January 2008 13:10:05
Resistance levels: 1.4560/1.4600/1.4700
Support levels: 1.4500/1.4460/1.4420

EUR/USD has fallen below 1.4500 our target over the last trading session as it was suggested No important fundamental news today as markets in USA are closed for holiday The bias has turned into negative for test below 1.4500 key level over the next trading days Next target comes at 1.4420 . On the upside, a break above 1.4600 again is needed for resuming the uptrend towards 1.4750 and higher.First minor Resistance comes at 1.4560

Strategy-neutral.

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GBP/USD
Date: Mon, 21 January 2008 13:10:04
Resistance levels: 1.9530/1.9600/1.9750
Support levels: 1.9500/1.9380/1.9200

GBP/USD has eased further below 1.9500 our next suggestion and strong Support over the last trading sessions We have booked 60 pip profit over the first part and 105 pip over the rest of our Short position. The bias remains bearish and break below 1.9500 first Support may ease price further towards 1.9380 over the next trading sessions and 1.9200 in longer term On the other side , beyond 1.9600 is needed for reversal towards 1/9750 key Resistance First immediate one comes around 1.9530

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: Mon, 21 January 2008 13:10:03
Resistance levels: 106.50/107.00/107.50
Support levels: 106.00/105.00/104.20

USD/JPY has tested 106.00 our first target over the last trading sessions as it was suggested in our previous reports No change in our view. The bias remains bearish for further downmove below 106.00 and even 104.20 in longer term Next target comes around 105.00 On the upside, a break above 107.00 level is needed for reversal towards 108.00 and 108.50 First immediate Resistance comes at 106.50

Strategy-neutral.

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