6 Aug 2008

Reported at 1230hrs SGT
GJ
It came down to EMA200 and tested EMA55. WMA5 still maintained abov EMA200 at 212.

Again support is at EMA100 at 210.6, should WMA5 move down below EMA200.

Resistance is at 212.8 (EMA21), then 214.

The fundamental is not about th strengthening of the Yen, which is mix against th majors currencies - but the weakness found in GBP. But in my opinion, GBP is just taking a breather.

GU
Support is at 1.950 region, reference from lows of 5 Jun and 13 Jun.

Resistance is at1.980, EMA100

The major currencies against USD has hit EMA200, som like GBP/USD and AUD/USD has punch through EMA200. Somewhere it need a breather below it can go further down.