NOTE:  After downgrading Japan, S&P has put out a warning to the US.  This may be the reason for USDX weakness.  Keep an eye out for the effect of this news along with GDP.

EURUSD-28Jan2011

EURUSD-28Jan2011

EURUSD is biased short on the monthly time frame and has retraced into the neutral zone. It is biased long on the weekly, daily, and 4 hour time frames.  It is trading in the long zone of these three time frames.

GBPUSD-28Jan2011

GBPUSD-28Jan2011

GBPUSD is biased short on the monthly time frame and has retraced into the long zone.  It is biased long on the weekly and daily time frames and is trading in the long zone of both time frames.  It is biased neutral on the 4 hour time frame and is trading in the neutral zone at this time.

EURJPY-28Jan2011

EURJPY-28Jan2011

EURJPY is biased short on the monthly time frame and has retraced into the long zone.  It is biased long on the weekly and daily time frames and is trading in the long zone of both time frames.  It is biased short on the 4 hour time frame and is trading in the short zone.