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[B]Bias: [/B] I look for losses through 0.8967-72 to trigger follow-through to 0.8881 initially

With the higher resistance at 0.9022-34 holding I feel we should soon see losses develop. A break below the 0.8967-72 area should confirm follow-through below 89.52 and down to 89.12 to retest the 0.8881 low. This general area should hold once again. However, note further support at 0.8845 and 0.8786-06.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for the support & resistance levels in the report are now available on the Daily Forecast page of my web site.(+120 pips) ...

Attached Files

• The Brief Daily Forecaster.pdf (23.5 KB, 94 次查看)

[B]Bias:[/B] I feel we should see a pullback from the 1.0380-88 area but probably no further than 1.0450-80

The pullback higher didn't last as long as I expected, stalling at 1.0528. I feel the decline at the end of Friday is almost complete and feel the 1.0380-88 area should support and trigger a recovery back to 1.0449-60 at least and maximum 1.0480. Only back above here would threaten a second test of 1.0528 and possibly 1.0551 before lower again.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are now available ...

Attached Files

• The Brief Daily Forecaster.pdf (25.0 KB, 115 次查看)

[B]Bias: [/B] While 142.20-30 caps I feel the downside can be strong for 140.27-46 at least and maybe even the 138.24 low.

The downside is more at risk and could well prove quite strong. I see resistance at 142.20-30 which ideally should cap for losses. A break below the 91.70 area in USDJPY could well trigger direct losses while GBPUSD remains bearish. Here a move below the 141.46-54 area could be the catalyst for stronger losses through 141.14 and 140.96 to reach the 140.27-46 area initially. This could cause a pullback but overall the 138.24 low is implied.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis ...

Attached Files

• The Brief Daily Forecaster.pdf (25.1 KB, 110 次查看)

[B]Bias: [/B] While the 90.94 area supports look for a rally to the 91.75 target before correcting lower

The break above 90.51 has opened up a potentially quite bullish structure. For now I think we'll see the 90.94 support hold and generate follow-through back to 91.37 and then followed by 91.75. I feel this will cap for a correction. Thus, only above 91.75-80 would maintain the bullish momentum for 92.02 and then the 92.25-35 area. This would merely imply a deeper follow-through but should still cause a correction lower.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ...

Attached Files

• The Brief Daily Forecaster.pdf (25.1 KB, 97 次查看)