Daily Forex Forecasts 28-jan-2005 09:00GMT www.iforex.org

Daily Forex Forecasts 28-jan-2005 09:00GMT (from www.iforex.org)

EUR/USD

Resistance levels:1.3080-90/1.3125-35/ 1.3175
Support levels:1.3015/1.3000/ 1.2975/1.2945

EUR/USD remained between 1.3015 and 1.3090 yesterday.Now the sentiment is neutral for the pair.The Data later today may bring EUR below the psychological Support at 1.3000.IF it is broken,further downmove towards 1.2950-45 is expected.
On the other hand,there the same chances for upmove towards the key Resiostance at 1.3125
Strategy-neutral
USD/JPY

Resistance levels:103.35/ 103.66/103.80/ 104.50
Support levels: 102.85/ 102.45/102.15/101.80

USD/JPY has fallen to 102.40 during the Asia session,but there met strong Support and pull back towards 103.35.Now the sentiment is neutral and we may see rise towards 103.80-90 ,if the immediate Resistance at 103.35 is broken later today.The key Support is at 102.15 and if it is broken,further fall towards 102.80-70 is broken
Strategy-neutral.
EUR/JPY

Resistance levels:134.90/ 135.40/ 135.96
Support levels:134.00/133.72/ 133.18/ 132.93

The Cross has fallen to the key Support at 133.72 and pushed again above 134.00.The immeadiate Support at 134.00 is now swing downside level.On the other hand, 135.40 level provides strong Resistance.The key Support is at 133.72-68.
Buy at EUR current levels,Stop-loss-134.00,Take profit-135.40.
GBP/USD

Resistance level:1.8890/1.8920-25/1.8980
Support levels:1.8800/ 1.8767/ 1.8735

GBP/USD has fared better then EUR/USD and reached 1.8923.If GBP remains above the important Support at 1.8767 today,we may see rise again towards 1.8925.IF the important Resistance at 1.8925 is broken,we expect next upmove towards 1.8980-1.9000.
Buy GBP at 1.8930,Stop-loss-1.8895,Take profit-1.8999