Mizuho Bank. Trading advice on major currency pairs 01/5/09

	Mizuho Bank. Trading advice
Euro / dollar
Commentary	The pair is about 26-day moving average, while being between the top of the cloud and the upper boundary Ishimoku flag. Closing the week above 1.34 add optimistic bulls. Stoiot noted that similar patterns exist in several other major pairs.
Strategy	Open positions in the small purchase at the level of 1.3365, increase with decreasing to 1.32 from the stop order below 1.3090. Increase confidence in the long positions break above 1.3350 to make the move towards 1.3400 in the short term, followed by 1.3600.
Dollar / yen
Commentary	The pair is adjusted higher, but it is likely that it will stop when approaching the 99.00, as it was in February and March. Moving averages serve mixed signals and trade between 96.00 and 99.00 may continue longer than we previously expected.
Strategy	Open short positions of 98.80 with a stop order above 99.85 and 97.15 purpose.
Pound / Dollar
Commentary	Pound / dollar remains above 9, and 26-day moving averages, but the bulls are hesitant to go to the storming of the psychological mark of 1.5000. We recall that only a week, closing above will signal the presence of the chances of further serious rally.
Strategy	Open positions for buying at 1.4780 with stop order below 1.4500. Short-term goal to 1.4945, then 1.5050.