Daily Market Comment - 28 January 2008


EUR-USD
1.4671. While below 1.4703 or 1.4724 it could fall towards below 1.4628 or 1.4586. After which a corrective/consolidation activity is expected.
USD-CHF
1.0973. A corrective/consolidation activity between 1.0894 and 1.1068 is likely for a while.
USD-JPY
106.82. Preferred view is for a fall to below 106.42 while 106.82 - 107.15 area resists. A clear break of 107.56 would be bullish.
GBP-USD
1.9819. One move lower to 1.9756 or 1.9692 is anticipated while below 1.9834 - 1.9866 area. Stop loss above 1.9912 zone.
EUR-CHF
1.6099. One move lower to 1.6051 or 1.6002 is anticipated while below 1.6122 - 1.6146 area. Stop loss above 1.6192 zone.
EUR-JPY
156.72. There are initial signs of a good corrective recovery towards 157.92 or even 158.38. Supports at 156.63 and 155.81 zone.
EUR-GBP
0.7403. Market should meet resistance at 0.7428. We expect then an extended move down to 0.7385 -0.7327 area.
AUD-USD
0.8803. There are initial signs of a good corrective recovery towards 0.8828 or even 0.8846. Supports at 0.8788 and 0.8766 zone.
USD-CAD
1.0071. Is expected to fall lower than 0.9971. Entry sell point are at 1.0091 or 1.0116 . Stop loss above 1.0116.


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