Daily Technical Analysis for Thursday, January 17, 2013 - by ForexPeoples.Com | use H4-TF chart.
EURUSD
The bulls on look here. On my see as long as the price can move above the 38.2 fib 1.3255 and then price bulls also can break up more to that 23.6 fib at 1.3312 = search again for new Buy then - better.
GBPUSD
For GU - this look on more to bulls. We see the price on pullback up from that strong demand 1.5975. And search for buy with SL bellow the demand 1.5975 = better.
USDJPY
Price on look sideways - till now - the price here still move slow so near the pivot area at 88.25. Of course - no nice idea to take a new OP with this price candle formation. Just wait and see = better.
USDCHF
The price on sideways but can probably to go down and bearish if buyer still can not break up again more to that resistance at 0.9332. Make search for sell with SL above that resistance 0.9332 = wise idea now.
Regards.
EURUSD
The bulls on look here. On my see as long as the price can move above the 38.2 fib 1.3255 and then price bulls also can break up more to that 23.6 fib at 1.3312 = search again for new Buy then - better.
GBPUSD
For GU - this look on more to bulls. We see the price on pullback up from that strong demand 1.5975. And search for buy with SL bellow the demand 1.5975 = better.
USDJPY
Price on look sideways - till now - the price here still move slow so near the pivot area at 88.25. Of course - no nice idea to take a new OP with this price candle formation. Just wait and see = better.
USDCHF
The price on sideways but can probably to go down and bearish if buyer still can not break up again more to that resistance at 0.9332. Make search for sell with SL above that resistance 0.9332 = wise idea now.
Regards.