The Daily Forecaster

[B]BIAS[/B]: Care needed but this should correct higher now - but allow for a slightly deeper downside projection

[B]Resistance[/B]:... 1.2379... 1.2396........ 1.2418-28... 1.2460-70
[B]Support[/B]:........ 1.2336... 1.2300-10... 1.2277........ 1.2251

[B]MAIN ANALYSIS[/B]: The 1.2334-48 target was met although hourly momentum is a bit mixed. However, until something goes wrong I'd still prefer to call this higher. A break above 1.2379 & 1.2396 would be helpful but there's still a barrier at 1.2418-28 that can still hold price from pushing higher. Thus, only above 1.2430 would maintain the push higher to the 1.2460-70 area at least. Then note resistance at 1.2500-10 and stronger at 1.2559-74. Indeed, ...

Attached Files

• The Brief Daily Forecaster.pdf (87.8 KB, 41 次查看)

[B]BIAS[/B]: Losses should extend to the 1.5555-82 area

[B]Resistance[/B]:... 1.5647-56... 1.5674... 1.5691-16... 1.5740-60
[B]Support[/B]:........ 1.5627........ 1.5607... 1.5555-82... 1.5527

[B]MAIN ANALYSIS[/B]: Losses did develop below the 1.5660 gap low and down to 5 points above the 1.5602 low. I don't think this has completed the decline. I doubt we'll see a return to 1.5647-56 but that is the upside barrier and while it cap the risk is lower for a break below 1.5602-07 and down to the 1.5555-82 area. This is the favored final target but do keep in mind the deeper 1.5501-27 projections. From this low we should expect a scrappy correction back higher.

[B]COUNTER ANALYSIS[/B]: To ...

Attached Files

• The Brief Daily Forecaster.pdf (86.2 KB, 48 次查看)

[B]BIAS[/B]: Ideally this should extend higher again today

[B]Resistance[/B]:... 79.71-82... 80.07-14... 80.41... 80.69
[B]Support[/B]:........ 79.21-33... 78.99........ 78.74... 78.25-48

[B]MAIN ANALYSIS[/B]: Friday saw the lower end of the 79.81-98 area cap and from there we saw a dip to the bottom of the key support advised at 79.33-50 which was reached yesterday. Overall, as long as yesterday's low holds I feel the stronger risk is back higher to the 79.71-82 highs and probably then the 80.07-14 area. There is likely to be a pullback from around this area before the rally can extend to the 80.69 and possibly 80.93 area. Even the correction from there should be fairly shallow - around 20 points - ...

Attached Files

• The Brief Daily Forecaster.pdf (86.1 KB, 45 次查看)

[B]BIAS[/B]: Ideally I'd like to see this higher… but take care

[B]Resistance[/B]:... 100.16-26... 100.50... 100.84-95... 101.48
[B]Support[/B]:........ 99.35-60......... 98.75... 98.43......... 97.83

[B]MAIN ANALYSIS[/B]: USDJPY has begun to display a more positive direction while EURUSD is rather balanced between up & down… Even if this is to dip further I feel we should see a correction higher but wait until the 100.26 high is taken out. If seen then look for extension through to 100.84-95 at least. Also note the 101.48 area... Only if this pushes above the 102.12 high would there be a stronger risk of more sustainable gains.

[B]COUNTER ANALYSIS[/B]: Until 100.84-95 is broken I ...

Attached Files

• The Brief Daily Forecaster.pdf (89.1 KB, 43 次查看)