FOREX MARKET PREDICTION

Jun 17, 2008
At Time : (time are in GMT+8 Time (WIB))
15:00 GBP/USD up (Buy)

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 A corrective/consolidation activity between 1.5376 and 1.5620 is likely for a while.

GBP-USD Current rise seems to be over near 1.966 or 1.9727 for a retracement towards 1.9593 - 1.9546 area.

USD-JPY While below 108.24 or 108.4 it could fall towards below 107.9 or 107.58. After which a corrective/consolidation activity is expected.

USD-CHF Market should pop up towards 1.0519 or 1.0589 this bullish scenario would be damaged if 1.0445 - 1.0444 zone is broken, a severe break down could then occur.