The Risk Today >> Thursday, Aug 13, 2008 (GMT+7)

EurUsd Market dropped to 1.4881 low on Monday breaking below 1.5304 former strong support from 13th June. Further weakness below 1.5000 will put the focus on 1.4779 26th February low. Strong support holds 1.4685 22nd January low. On the upside, only a return over 1.5500 will release actual pressure and put key initial resistance 1.6000 into focus. A break up there would open the way to Trendline resistance 1.6200.

GbpUsd Cable hit 2.0158 high 4-weeks ago and 1.9067 low last week. Key level holds 2.0100 resistance. On the downside, Friday break below on 1.9337 January low support lead to the break of 1.9105 (50% retracement of 1.7049 – 2.1162 advance). Former support 1.9363 holds strong resistance. Initial support holds 1.8970 today low.

UsdJpy Last 3-weeks recovery pushed the market up to 110.40 high on Friday. The last break of 108.59 former resistance put focus on 110.10 strong resistance (Trendline). Further advance would open the way toward 111.92 early January high. On the downside, a return below 108.59 former resistance will undermine the current advance. Profit taking might bring back down to 105 level and may open the way toward 102.73 support and 100 pivot point.

UsdChf Recent Dollar strength pushed over 1.0500 last week and hit 1.0882 high on Monday. Market broke up resistance of the 3-months upper trendline at 1.0766 last week. Initial support holds 1.0500 key level. Renewed weakness below 1.0375 would retest the 1.0000 pivot point and may open the way toward 0.9637 17th March low.