Technical analysis for Ianuary 5, 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 1.4060/80

For short-term sells on condition of formation of topping signals the targets will be 1.4000/20, 1.3920/40, 1.3800/20 and/or further breakout variant up to 1.3720/40, 1.3640/60, 1.3580/1.3600.

An alternative for buyers will be above 1.4220 with targets 1.4280/1.4300, 1.4360/80, 1.4500/20.

GBPUSD:
*Range 1.4580/1.4600

For short-term sells on condition of formation of topping signals the targets will be 1.4480/1.4520, 1.4400/20, 1.4300/40 and/or further breakout variant up to 1.4220/40, 1.4160/80, 1.4080/1.4100.

An alternative for buyers will be above 1.4720 with targets 1.4800/20, 1.4860/80, 1.4980/1.5000.

USDJPY:
*Range 91.20/40

For buying positions on condition of formation of topping signals the targets will be 91.80/92.00, 92.40/60 and/or further breakout variant up to 93.00/20, 93.60/80, 94.40/60.

An alternative for sells will be below 90.80 with targets 90.20/40, 89.60/80, 89.00/20.