GBP/USD

February 8, 2008

Moves downwards with low volatility. MAs are declining gradually.

Moves downwards with low volatility. MAs are declining gradually. Support is seen at 1.9394, while resistance is seen at 1.9428.
Thu, 7 Feb 2008, 16:58 GMT

Moves downwards with high volatility. MAs are declining gradually. Support is seen at 1.9409, while resistance is seen at 1.9524.
Thu, 7 Feb 2008, 14:16 GMT

Moves sideways with low volatility. MAs are declining gradually. Moves sideways with low volatility. MAs are declining gradually. Support is seen at 1.9514, while resistance is seen at 1.9660.
Thu, 7 Feb 2008, 08:27 GMT

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FOREX ANALYSIS TODAY

Friday February 8, 2008  
  EUR-USD 1.4485. Market should not go lower than 1.4399. After this move down it should go up to 1.4462 - 1.4525 area.  
  GBP-USD 1.9423. Market should not go lower than 1.9310. After this move down it should go up to 1.9406 - 1.9478 area.  
  USD-JPY 107.48. It should trade higher to 108.23 while 107.08 or 106.70 offers support. Stop loss below 106.32 zone.  
  USD-CHF 1.1040. Difficult to predict next move. It should stay in a trading range between 1.1026 - 1.1197 .A break of 1.1076 is needed for a continuation of up trend .  

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