Forex Analysis at 8th july 2008

EUR/USD
The pair is in the middle of a very strong downtrend and is testing fresh lows on a daily basis. The support level of 1.5650 has been breached and a bearish cross on the 4 hour cart's Slow Stochastic suggests further bearish move is impending. Going short might be preferable today, as the next target price might be around 1.5550.
GBP/USD
There is a very accurate bearish channel forming on the 4 hour chart, as the cable is now traded around 1.9750. A breach through that level will validate a very strong bearish move with a potential target price of 1.9670. Going short might be a wise choice today.
USD/JPY
After a moderate bearish correction, the pair has resumed its bullish trend. The Slow Stochastic on the daily chart is showing that the trend has plenty of room to grow, and a fresh cross on the 4 hour's Slow Stochastic supports that notion. Going long appears to be the right strategy for today.
USD/CHF
The pair has breached through the Fibonacci key level of 1.0310, and all oscillators on the 4 hours chart are indicating further bullish movement. The hourlies Bollinger Bands are showing that the price has crossed its upper border, signaling that the current trend should continue, as the pair's new target price might be 1.0370.
by forexyard

sugest by ferniawan rese

EUR/USD suggest short range target 10 pips closed
USD/JPY suggest long range target 10 pips closed
GBP/USD suggest short range target 10 pips closed
USD/CHF suggest long range target 10 pips closed
USD/CAD suggest short range target 10 pips closed
AUD/USD suggest short range target 10 pips closed
NZD/USD suggest short range target 10 pips closed
EUR/JPY suggest short range target 10 pips closed
EUR/GBP suggest - range target - pips closed
EUR/CHF suggest short range target 15 pips closed
GBP/JPY suggest short range target 10 pips closed