Technical analysis for Ianuary 23, 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

For short-term buying positions on condition of formation of topping signals the targets will be 1.2940/60, 1.3000/20, 1.3080/1.3120 and/or further breakout variant up to 1.3160/80, 1.3280/1.3300, 1.3440/60. An alternative for sells will be below 1.2800 with targets 1.2720/40, 1.2640/60, 1.2580/1.2600.

GBPUSD:
*Range 1,3680/1,3720 support

For short-term buying positions on condition of formation of topping signals the targets will be 1.3780/1.3820, 1.3900/40 and/or further breakout variant up to 1.4000/20, 1.4060/80, 1.4180/1.4200/20. An alternative for sells will be below 1.3600 with targets 1.3480/1.3520, 1.3400/20, 1.3340/60.

USDJPY:
*Range 88,00/20 support

For short-term buying positions on condition of formation of topping signals the targets will be 88.60/80, 88.90/89.00, 89.40/50, 89.80/90 and/or further breakout variant above 90.50 with targets 90.90/91.00. An alternative for sells will be below 87.80 with targets 87.20/40, 86.80/87.00.