Forex Analisys Today

January 31, 2008
Thursday January 31, 2008  
  EUR-USD 1.4862. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4910 or 1.4992 if support around 1.4841 hold. After which a pullback to 1.4841 - 1.4809 zone is possible.  
  GBP-USD 1.9864. While below 1.9887 or 1.9912 it could fall towards below 1.9815 or 1.9766. After which a corrective/consolidation activity is expected.  
  USD-JPY 106.26. There is bearish potential for a fall to 105.83 while 106.64 - 106.86 resist. After this fall a recovery up to 106.86 or 107.08 is expected.  
  USD-CHF 1.0833. Market should meet resistance at 1.0866. We expect then an extended move down to 1.0823 -1.0733 area.  

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