FOREX MARKET PREDICTION

Jun 20, 2008
At Time : (time are in GMT+8(WIB))
GBP/USD No Signal, better not to trade for today


ALWAYS put a Stop Loss (SL) MAX 40 pips, and Target Profit (TP) starting from 10 to 70 pips, you can use a trailing stop too.



EUR-USD > While above 1.5485 - 1.5451 zone a corrective dip could test 1.5519 or 1.5545 or 1.5571. After which it should resume his downtrend.

GBP-USD > Uptrend is still intact in a triangle configuration. It should continue to rally to 1.9787 or 1.9848 if support around 1.9682 hold. After which a pullback to 1.9682 - 1.9651 zone is possible.

USD-JPY > It may attempt a test higher to 108.04 after which weakness may set it to a drift down to below 107.60 limit.

USD-CHF > It should trade higher to 1.0513 while 1.0417 or 1.0388 offers support. Stop loss below 1.0358 zone.