Technical analysis for Ianuary 8, 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 1,3520/40

For short-term buying positions on condition of formation of topping signals the targets will be 1.3580/1.3600, 1.3660/80 and/or further breakout variant up to 1.3730/50, 1.3790/1.3810, 1.3860/80. An alternative for sells will be below 1.3420 with targets 1.3360/80, 1.3300/20, 1.3240/60.

GBPUSD:
*Range 1.4900/40

For short-term buying positions on condition of formation of topping signals the targets will be 1.5000/40, 1.5120/40, 1.5260/80 and/or further breakout variant up to 1.5360/80, 1.5500/40, 1.5680/1.2720.

An alternative for sells will be below 1.4780 with targets 1.4710/30, 1.4580/1.4620, and 1.4480/1.4520.

USDJPY:
*Range 91.40

For buys targets will be 92.60/80, 93.20/40, 93.80/94.00 and/or further breakout variant up to 94.40/60, 95.00/20, 95.60/80.

Alternative for sells will be below 91.40 with targets 90.80/91.00, 90.20/40, 89.60/80.