April 25, 2007

GBP/USD
It may attempt a test higher to 2.0032 - 2.0057 after which weakness may set it to a drift down to below 1.9968 limit.

EUR/USD
It should trade higher to 1.3672 while 1.361 or 1.3594 offers support. Stop loss below 1.3578 zone.

USD/JPY
One more dip to 118.23 or 117.89 is likely followed by a grind higher to above 118.76 or 119.29. After which it can resume its downtrend.

Elliot Wave Based
GBP/USD : support in a zigzag correction 1.9926
EUR/USD : impulse wave up 1.3719
USD/JPY : irregular flat correction up 119.3356

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