09.35 GMT, Today's hot issue is about US auto industry's bailout didn't get approval from US Senate. This issue makes Stock Index dropping and some risk aversion is seen. Yen and USD are strong because of that. Even the strong euro that hit 1.3400 yesterday is down 200 pips against USD after the auto's bailout news released. Yen is also continuing to strengthen against USD,GBP, and EUR.
Let's see one by one..
On GBPUSD: There is a support near 1.4850. and a resistance near 1.4960. We can put a sell stop just below 1.4850 and a buy stop just above 1.4960.
On EURUSD: Euro is still stronger against USD and GBP. There is a support near 1.3245, and probably will reach its high again.
On USDJPY: Yen has a resistance near 91.20. The chances to the downside is bigger than to the upside. We can sell near that resistance.
Ok, that's all folks, thanks for reading, and enjoy your trading,,
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