GBPUSD Analysis, Jan 5, 2008

by ForexCycle.com | January 5, 2008 5:12 am
GBPUSD’s down trend remains, and the fall from 2.1161 extended to as low as 1.9673. Further fall towards 1.9300 area is still possible. Near term resistance is at the down trend line from 2.1161 to 2.0830, and...

EURUSD Analysis, Jan 5, 2008

by ForexCycle.com | January 5, 2008 5:01 am
EURUSD broke above 1.4750 resistance and reached as high as 1.4823. Further rise above 1.4966 previous high is expected next week. Near term support is at 1.4550, as long as this support holds, we’d expect up trend...