Tuesday, April 24, 2007

April 24, 2007

GBP/USD
We prefer to see an attempt to below 1.9967 or below 1.9925 in extension. A clear break of 2.0036 is bullish.

EUR/USD
Market should hold major support at 1.3538 before rising towards 1.3609 or even 1.3642 limit.

USD/JPY
Current upmove should be over between118.85 and 118.64. A correction down to 117.84 is anticipated. A break of 119.05 is bullish.

Elliot Wave Based
GBP/USD : support in a zigzag correction 1.9926
EUR/USD : irregular flat correction down 1.3499
USD/JPY : elongated flat correction up 119.4300
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