Technical analysis for Ianuary 13, 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, 30 min based on candlestick patterns )

EURUSD:
*Range 1.3340/60

For short-term sells on condition of formation of topping signals the targets will be 1.3280/1.3300, 1.3200/20 and/or further breakout variant up to 1.3120/40, 1.3040/60, 1.1960/80. An alternative for buyers will be above 1.3460 with targets 1.3520/40, 1.3590/1.3610, and 1.3680/1.3700.

GBPUSD:
*Range 1.4800/40

For short-term sells on condition of formation of topping signals the targets will be 1.4720/40, 1.4660/80 and/or further breakout variant up to 1.4580/1.4600, 1.4480/1.4520, 1.4360/1.4400. An alternative for buyers will be above 1.4920 with targets 1.4980/1.5000, 1.5060/80, 1.5160/80.

USDJPY:
*Range 89.40/60

For short-term sells on condition of formation of topping signals the targets will be 88.80/89.00, 88.20/40 and/or further breakout variant up to 87.60/80, 87.00/20. An alternative for buyers will be above 90.30 with targets 90.70/90, 91.40/60, 91.80/92.00.