Free Forex Alert

EUR/USD
Date: Mon, 28 January 2008 13:10:05
Resistance levels: 1.4780/1.4860/1.4920
Support levels: 1.4700/1.4650/1.4550

EUR/USD has found Support in the 1.4660-50 Support area over the last trading sessions as it was suggested Today focus will be on US Homes Sales numbers at 15:00 GMT . The consensus is at 645 K Beyond 1.4780 is needed to signal further upmove towards 1.4860 later today and 1.4920 in mid term. First immediate Resistance comes around 1.4750 If the number comes out at 570 K or more negative retest of 1.4780 highs may be seen later today On downside, first Support comes around 1.4660 Below turns price back to 1.4550 over the next trading days. In short term if the number comes out at 700 K or higher, ease back towards 1.4660-50 area is possible over the next trading sessions Look to buy on downsticks for retest of 1.4780 highs and higher towards 1.4860

Strategy-neutral.

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GBP/USD
Date: Mon, 28 January 2008 13:10:04
Resistance levels: 1.9850/1.9900/2.0020
Support levels: 1.9730/1.9700/1.9650

GBP/USD has risen back towards 1.9880 highs over the last trading sessions The break above 1.9790 previous important levels recovers price towardes 1.9850 and even 1.9900 later today Longer term target is at 2.0020 On downside, below 1.9730 Support eases price back to 1.9600 bottom in mid term First immediate Support remains near 1.9760

Strategy-neutral.

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USD/JPY
Date: Mon, 28 January 2008 13:10:03
Resistance levels: 107.00/107.90/108.50
Support levels: 106.00/105.00/104.20

USD/JPY has risen to 107.90 key Resistance and our target on Friday ast it was suggested in our previous reports , easing back to 106.00 key Support in Asia 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 106.00 ahead 105.00 bottom 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 107.00

Strategy-neutral.

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