** Asia Open: Daily EUR & JPY Trade / Mon. Jan. 09, 2006 **

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Home : Forex Forecasts : ** Asia Open: Daily EUR & JPY Trade / Mon. Jan. 09, 2006 **

** Asia Open: Daily EUR & JPY Trade / Mon. Jan. 09, 2006 **

Forex Technical Pattern Recognition: Forecast & Analysis

EUR

Asian Session Expected Movement: Down

Today's Trade Analysis: Euro shjould find a ST top around 1.2170/95 & develop a downmove toeward 1.2005 support & even lower. Key ST level 1.2220.

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Supports: 1.2100/1.2070/1.2035 Resistances: 1.2170/1.2195/1.2220

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Plan: Sell 1.2170, stop above 1.2220, for downmove toward @ least 1.2005 & lower

JPY

Asian Session Expected Movement: Up

Today's Trade Analysis: Yen�s should find a ST support soon. 113.85/25 may hold & send trend upward toward 115.50 resistance & higher. 113.80 KEY ST level

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Supports: 113.85/113.50/113.20 Resistances: 114.25/114.60 /114.95

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Plan: Buy 113.80, SL/re-enter 113.30, SL 112.80, for upmove correction to 115.50

ceo@gcmreach.com
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Provided by: http://www.gcmreach.com GCM Reach

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