Daily Forex Forecasts 25-jan-2005 09:00GMT www.iforex.org

Daily Forex Forecasts 25-jan-2005 09:00GMT

EUR/USD

Resistance levels:1.3053/ 1.3086/ 1.3105/1.3135
Support levels:1.3015/ 1.3000/ 1.2969/1.2935

The EUR has falen to 1.3003 ,where the corrective wave has finished.Now thesentiment is bullish for the EUR and we expect upmove towards 1.3086 and1.3105 ,if the immediate Resistance at 1.3053 is broken. Levels above
1.3105 will be sign for further rise towards 1.3185.The key Support is at 1.3015.
Buy EUR at 1.3040,Stop-loss-1.3014,Take profit-1.3100
USD/JPY

Resistance levels:103.27/ 103.68/ 103.95
Support levels: 102.64/ 102.15/101.80

The USD made a false break at 102.64 yesterday and has risen to 103.25.This is important trend Resistance and if it is broken,we may see further rise towards 103.95 at least.If it holds a downmove towards 101.70 is expected later today.
Strategy-neutral.
EUR/JPY

Resistance levels:134.90/ 135.42/ 135.96/136.08
Support levels: 133.72/133.18/ 132.93/132.44

The Cross made the expexted fall to 133.60 yesterday.Now the sentiment is bullish and we expect rise towards 135.40 and 135.96,if the immediate Resistance at 134.80 is broken. The key Support is at 133.68
Strategy-neutral
GBP/USD

Resistance level:1.8821/ 1.8850/ 1.8881/1.8912
Support levels:1.8730/1.9718/1.8690/1.8670

The sentiment is bullish for the GBP/USD pair. The Support at 1.8750 is expected to hold nicely and if the levels of 1.8830 is passed we may see further rise towards 1.8912-16 and 1.9000 in next days.
Buy GBP at 1.8830,Stop-loss- 1.8750,Take profit-1.8910