FOREX ANALYSIS
TUESDAY January 27, 2009

EUR/USD
It should trade higher to 1.3311 while 1.3086 or 1.3025 offers support. Stop loss below 1.2964 zone.

GBP/USD
It should trade higher to 1.4143 or above 1.4293 in extention. Supports at 1.3771 and 1.3846. Stop loss below 1.3696 zone.

USD/JPY
A corrective/consolidation activity between 88.34 and 90.44 is likely for a while.

USD/CHF
There is bearish potential for a fall to 1.1265 while 1.1454 - 1.1509 resist. After this fall a recovery up to 1.1509 or 1.1564 is expected.

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