So far, the major pairs are narrow trading due to strong technical movements, still fears remain spread as the Dubai World huge $59 billion debt remains unsolved and Japan declared recently that its government will inject a new huge stimulus plan that will cost the economy 81 billion dollars, whereas the overall outlook on the present global recovery process remains pessimistic.

As a result of the present technical movements, the euro-dollar pair is so far narrow trading and is forecasted to fall according to the four-hour stochastic oscillator, having the Union currency trading at 1.4686 recording a high of 1.4781 and a low of 1.4667 with a resistance at 1.4812 and a support at 1.4565.

As for the pound-dollar pair, it is currently consolidated and shows a tendency to climb to the upside according to the one-hour momentum indicators, having the royal pound trading at 1.6201 recording a high of 1.6375 and a low of 1.6166 with a resistance at 1.6328 and a support at 1.6081.

Now, turning to the dollar-yen pair, it is narrow trading between a resistance level witnessed at 89.12 and a support level detected at 86.84 as mixed signs are seen within the momentum indicators at different-time scales , having so far the low-yielding Japanese currency trading presently around 87.85 recording a high of 88.69 and a low of 87.35.