Today's Market Outlook

EURUSD

Probes 50% retrace of 1.2549/1.4720 upleg near 1.3629 low from 16 of December ahead of minor equality target at 1.3467. Consolidation breakout at 1.3840 caps for now.

Res: 1.3660, 1.3709, 1.3750, 1.3840
Sup: 1.3467, 1.3407, 1.3378, 1.3250

GBPUSD

Hourly RSI positive reversal projects ensuing recovery from 1.4350 as 31 December 2008 low could reach 1.4772 zone. Regaining 1.4815 highlights 1.4875 target.

Res: 1.4682, 1.4725, 1.4740, 1.4765
Sup: 1.4540, 1.4505, 1.4475, 1.4428

USDJPY

Last Friday's bull flag breakout beckons to eye 93.91, nr 50% -100.56/87.13 fall next. Extended highly conditions however caution and below 92.85 defers.

Res: 93.59, 94.91, 94.25, 94.60
Sup: 92.82, 92.41, 91.80, 91.46

USDCHF

Eyes lower top at 1.1132 while poised for break to open 1.1245 and possibly 1.1310, 50% of 1.2251/1.0370 fall. Lapse below 1.0981/70 delays.

Res: 1.1200, 1.1245, 1.1310, 1.1400
Sup: 1.0981, 1.0950, 1.0917, 1.0846

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The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.