Technical analysis for Ianuary 21, 2009

* the possibility of pair return to supports or resistance, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour based on candlestick patterns).

EURUSD:
*Range 1.2880/1.2900 resistance

For short-term buying positions on condition of formation of topping signals the targets will be 1.2960/80, 1.3040/60, 1.3100/20 and/or further breakout variant up to 1.3160/80, 1.3240/60, 1.3380/1.3420.

An alternative for sells will be below 1.2800 with targets 1.2720/40, 1.2640/60, 1.2580/1.2600.

GBPUSD:
*Range 1.4000/40

For short-term sells on condition of formation of topping signals the targets will be 1.3910/30, 1.3840/60, 1.3780/1.3800 and/or further breakout variant up to 1.3710/30,.1.3580/1.3620, 1.3490/1.3520.

An alternative for buyers will be above 1.4160 with targets 1.4200/20, 1.4300/40, 1.4500/60.

USDJPY:
*Range 90.00/20 resistance

For short-term sells on condition of formation of topping signals the targets will be 89.40/60, 88.80/89.00, 88.40/50 and/or further breakout variant up to 87.80/88.00, 87.20/40. An alternative for buyers will be above 90.60 with targets 91.00/20, 91.80/92.00 and 92.40/60