Technical analysis for Ianuary 22, 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 1,2930/50 support

For short-term buying positions on condition of formation of topping signals the targets will be 1.2990/1.3010, 1.3050/70, 1.3090/1.3120 and/or further breakout variant up to 1.3260/80, 1.3380/1.3400, 1.3560/1.3600.

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

GBPUSD:
*Range 1,3820/40 support

For buying positions on condition of formation of topping signals the targets will be 1.3900/20, 1.3980/1.4000, 1.4040/60 and/or further breakout variant up to 1.4100/20, 1.4200/40, 1.4340/60.

An alternative for sells will be below 1.3600 with targets 1.3480/1.3520, 1.3400/20, 1.3340/60.

USDJPY:
*Range 89,80/90,00

For sells on condition of formation of topping signals the targets will be 89.20/40, 88.60/80 and/or further breakout variant up to 88.40 with targets 87.80/88.00, 87.20/40.

An alternative for buyers will be above 91.40 with targets 91.80/92.00, 92.80/93.00, 93.60/80.