technical view jan 08

EURO R1: 1.3690 S1:1.3500
R2: 1.3730 S2:1.3490
chart pattern indicates the currency to have a bull note for the day. Trading range for the day is expected between 1.3520-1.3685 levels for the day. Stochastic is seen trending up and the currency is trading on the moving average . The trend is seen as a consolidation for a short term since the long term view indicates the currency to be on bear note
GBP R1: 1.5120 S1: 1. 5000
R2: 1.5140 S2: 1. 4990
chart pattern shows the currency to be on upside movement for the day. Trading range is expected between 1.5020-1.5095 levels for the day. Currency is seen trading on the moving average and stochastic is seen trending upside for the day.
YEN R1: 93.30 S1:92.00
R2: 93.50 S2:91.80
yen chart pattern indicates the currency to have a mixed movement for the day. Trading range for the day is expected between 92.10-93.10 levels. Stochastic remains bear but the candle pattern remains in neutral waiting for further clues from the market.
AUD R1: 0. 7150 S1:0.6990
R2: 0.7160 S2: 0.6980
Chart pattern gives bearish signals for the day .Trading range is expected between 0.7005-0.7130 levels .Stochastic remains down for the day.