1.9.08 Multi-Pairs Analysis

EURO (eur/usd)
Bullish above 1.4594, rising support coming in at 1.4386. and resistance at 1.4830 (friday's high). Look for a buy opportunity on a dip.

Support: 1.4594 (trendline support), 1.4520, 1.4386 (ky rising support).
Resistance: 1.4830, 1.4880




Cable (gbp/usd)
Resistance at 1.9886 and support at 1.9650. The pivot 1.9652 has been support point on several occassions and I think we will either see a run higher or a breakdown over the next 2 days to decide where we are heading next. Still bearish on the sentiment as long as falling resistance line hold at 2.0060. Have another falling resistance at 2.0138.

Support: 1.9700, 1.9652 (August key low)
Resistance: 1.9886 (falling resistance), 2.000 (phychological level), 2.0072 (former rising support from 1.86 area), 2.0060 (falling resistance, 2.0138 (falling resistance), 2.0503 (key level)




Swissy (usd/chf)
Bearish outlook below 1.1200

Support: 1.1100, 1.1074, 1.0950
Resistance: 1.1205 (previous support level), 1.1350 (previous support), 1.1630 (previous support), 1.1538 and 1.1631 (falling key resistance)





Nippy (usd/jpy)
Bearish below 110.00 level and any approach looks like a decent sell. 108.00 is the downside key support.

Support: 109.02 (previous falling resistance), 108.70, 108.00 (key level), 107.20
Resistance: 110.00, 110.70, 112.80 (key support) 114.60 (key level), 114.73 (high of Nov. '07)




Loonie (usd/cad)
Key rising support at 0.9876 and key support at 0.9703 (any approach towards this level should provide a decent buy set up). Falling resistance coming in at 1.0103 that should hold on the first test.

Support: 0.9876 (rising support from low) 0.9703 (1 month low)
Resistance: 1.0103 (key level, overhead resistance), 1.0330 (overhead resistance)

Risk Warning: The usual drill. Any information in this post is based on data considered to be reliable, but no representations o guaranteed regards to the accuracy of the data. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. There are risks inherent in trading, including the risk of loss greater than the original capital. Past performance is no guarantee of future results.