USDJPY Analysis, Jan 5, 2008
USDJPY is testing the previous low support at 107.21, and will find support at 105.00 area if 107.21 level gives way. Consolidation will more likely be seen before breaking below 107.21 level, and as long as this...
Category: Long Term Forex Analysis
AUDUSD Analysis, Jan 5, 2008
AUDUSD is forming a cycle top at 0.8846 level. Further fall towards 1.8300 area may be expected, and a break below 0.8551 previous low will confirm such case. Near term resistance is at 0.8846, only break of...
GBPUSD Analysis, Jan 5, 2008
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
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...