Daily Forex Forecasts 27-jan-2005 09:00GMT www.iforex.org

Daily Forex Forecasts 27-jan-2005 09:00GMTEUR/USDResistance levels:1.3135/ 1.3175Support levels:1.3085/1.3056/ 1.3015/ 1.2975EUR/USD has risen to 1.3105 yesterday as expected.Now EUR/USD is in its 5th wave and we expect further rise towards 1.3135 soon. At these levels EUR will form a top and fall towards the important Support at 1.3056 may be seen.If it is broken ,even further fall towards 1.3015 is possible.The key Support is at 1.3056Strategy-neutralUSD/JPYResistance levels:103.35/ 103.66/104.50Support levels: 102.85/ 102.46/101.80USD/JPY has fallen yesterday to 102.74.Now the sentiment is neutral and a new impulsive wave has started towards 103.65. If the immediate Resistance at 103.65 is broken, further rise towards 104.50 is with good chances.The key Support is at 102.85.Strategy-neutral.EUR/JPYResistance levels:135.41/ 135.96/136.10Support levels:134.00/133.72/ 133.18/ 132.93The Cross has made the expected fall to 133.60 yesterday.Now the Cross renew its upmove towards 135.40 and then 135.96.The Key Support is at 133.72-68.Buy EUR at 135.45,Stop-loss-133.99,Take profit-135.95GBP/USDResistance level:1.8865/ 1.8926/19070Support levels:1.8800/ 1.8767/ 1.8632Pound has risen to 1.8864 yesterday.Now the sentiment is slightly bullish and GBP/USD is in its 5th impulsive wave.It will meet strong Resistance at 1.8865.If it holds,levels below 1.8800 would be sign for further fall towards 1.8767 and 1.8745.Sell GBP at 1.8795,Stop-loss-1.8866,Take profit-1.8767(1.8745)