Technical analysis for Ianuary 29, 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 1,3160/80

For short-term sells on condition of formation of topping signals the targets will be 1.3100/20, 1.3040/60, 1.2980/1.3000 and/or further breakout variant up to 1.2920/40, 1.2860/80, 1.2780/1.2800.

GBPUSD:
*Range 1.4200/40

For short-term sells on condition of formation of topping signals the targets will 1,4100/20, 1,4060/80 and/or further breakout variant up to 1.3980/1.4000, 1.3900/20, 1.3780/1.3820.

An alternative for buyers will be above 1.4400 with targets 1.4460/80, 1.4540/60, 1.4680/1.4720.

USDJPY:
*Range 89.00/20

For short-term buying positions on condition of formation of topping signals the targets will 89,60/80, 90,20,40, 90,80/91,00 and/or further breakout variant with targets 91.40/60, 92.00/20, 92.80/93.20. An alternative for sells will be below 88.40 with targets 87.80/88.00, 87.00/40.