FOREX MARKET PREDICTION

Jun 23, 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 Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5659 or 1.5748 if support around 1.5589 hold. After which a pullback to 1.5589 - 1.5559 zone is possible.

GBP-USD Current rise should end around 1.9752 or 1.9804. Objectives of this downmove are 1.9714 or 1.9662. A rise above 1.9842 is again bullish.

USD-JPY Overall structure is bearish. Decelerating momentum could attract it towards supports at 107.02 or 106.91. Major support is clustered around 106.59 limit.

USD-CHF Current fall seems to be over near 1.0325 or 1.028 for a rebound towards 1.0369 - 1.0400 area.