Daily Market Comment - 30 January 2008

EUR-USD
1.4776. Supports at 1.4757 and 1.4743 should hold the downward correction . After which a big upmove could occur . Stop loss below 1.4743 limit.
USD-CHF
1.0938. Corrective dips should ideally halt near 1.0928 or 1.0912 for one more thrust upwards towards 1.0950 - 1.0971 area or 1.1004 in extention. Fall below 1.0895 puts it back on a downward path.
USD-JPY
107.11. It looks set for gains to above 107.43. Supports at 106.75 and 106.91. A break of 106.59 will damage this bullish structure.
GBP-USD
1.9894. Currently uptrend should end around 1.9931 - 1.9945 area. A correction down to below 1.9828 is expected. A rise above 1.9995 will abort the expected correction.
EUR-CHF
1.6162. Current rise seems to be over near 1.6168 or 1.6197 for a retracement towards 1.6138 - 1.6120 area.
EUR-JPY
158.28. Currently uptrend should end around 158.59 - 158.83 area. A correction down to below 157.42 is expected. A rise above 159.39 will abort the expected correction.
EUR-GBP
0.7427. While below 0.7422 or 0.7433 it could fall towards below 0.7394. Rise above 0.7442 could activate some bullish pattern.
AUD-USD
0.8892. N/A
USD-CAD
0.9984. Market should pop up towards 1.0054 or 1.0125 this bullish scenario would be damaged if 0.9939 - 0.9937 zone is broken, a severe break down could then occur.


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