This is Technical analysis daily and provided by specialists and analysts from FXCBS

Tuesday Jan 19, 2010

Previous session overview

The green currency declined against the royal pound and the Japanese yen in today's Asian session, the euro dollar pair is consolidating between 1.44139 levels and 1.43783 levels, recording a high of 1.44139 and a low of 1.43788.

As for the pound dollar pair, it continued to rally recording a high of 1.64373 and a low of 1.63260, having the pair trading around 1.64197.

Finally, the dollar fell against the Japanese yen the pair recorded a low of 90.349 and a high of 90.775.



Market Expectations

EUR/USD :
We expect a bullish intraday direction that initially targets 1.45650 and mainly requires 1.43200 to remain intact with four-hour closing. The general trend is upside to the 1.45650.



GBP/USD :
We expect a bullish direction for the remainder of trades today. It is vital that the four-hour closing holds above 1.6335 for the expected bullish move to prevail. The general trend for today is upside to 1.64780.



USD/JPY :
We expect a bearish intraday direction targeting mainly 89.750 and require 92.250 to remain intact. The general trend today is to the downside to 89.750.



Senior Analyst / Ali Hasan /FXCBS

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