This is Technical analysis daily and provided by specialists and analysts from FXCBS

Tuesday Jan 26, 2010

Market Expectations

EUR/USD :
EUR fell against the U.S. dollar and breaking the support level at
1.41400 and tried to approach the key of the support level at 1.40500,
and we expect a breakthrough for this level and orientation towards the
target 1.39500, but before this happens we may see some fluctuation of
the price.



GBP/USD :
Sterling against the U.S. dollar based on the resistance level at
1.62500, we can see negative signals through stochastic indicator which
make us expect today a decline in the price to the level 1.60600.



USD/JPY :
The pair breached the secondary support nearing the initial target at
89.000 we expect a downside intraday move today targeting the support
level at 88.800 which requires trading to remain below 90.600.



 Senior Analyst / Ali Hasan /FXCBS

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