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[B]The Pound sure was a victim of the dollar’s storm, especially after the [URL="http://www.forexcrunch.com/dollar-emerges-as-the-winner-out-of-the-confusing-nfp/"]Non-Farm Payrolls[/URL]. It’s at a nine-month low. The upcoming week consists of an important report by the BOE among other events. Here’s an outlook for British events and an updated technical analysis for GBP/USD.[/B]

GBP/USD chart with support and resistance lines marked on it. Click to enlarge:
[URL="http://www.forexcrunch.com/wp-content/uploads/2010/02/gbp-usd-forecast.jpg"][IMG]http://www.forexcrunch.com/wp-content/uploads/2010/02/gbp-usd-forecast-450x289.jpg[/IMG][/URL]
Mervyn King “missed” an opportunity to hurt the Pound in the rate decision. ...

[B]Like other currencies, the Aussie surrendered to the dollar before and after the [URL="http://www.forexcrunch.com/dollar-emerges-as-the-winner-out-of-the-confusing-nfp/"]NFP[/URL]. The upcoming week brings important employment figures among other events. Here’s an outlook for the events in Australia and an updated AUD/USD technical analysis.[/B]

AUD/USD chart with support and resistance lines marked on it. Click to enlarge:
[URL="http://www.forexcrunch.com/wp-content/uploads/2010/02/australian-dollar-forecast.jpg"][IMG]http://www.forexcrunch.com/wp-content/uploads/2010/02/australian-dollar-forecast-450x289.jpg[/IMG][/URL]
The Aussie suffered from a disappointing rate decision. [B][URL="http://www.forexcrunch.com/aussie-rate-decision-larger-impact-on-markets/"]Glenn ...

INTRA-DAY GBP/USD: +1.5613+

Last Update At 08 Feb 2010 08:33 GMT


Despite cable's marginal weakness to 1.5535 in
European morning on cross selling in sterling, subsequent rebound suggests an intra-day low has possibly been made n a minor retrace. to 1.5605/10, then 1.5623/30 likely but 1.5672 (NZ) wud cap upside.


Turn long on dips with stop as indicated,
break wud bring one more fall to 1.5510/13...


Range Forecast
+1.5590 / 1.5623+


Resistance/Support
R: 1.5623/1.5672/1.5705
S: 1.5535/1.5513/1.5491

http://www.acetraderfx.com

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : +89.49+

Last Update At 08 Feb 2010 07:49 GMT

Dlr's rebound after finding renewed buying at
89.15 suggests further choppy consolidation abv last week's low of 88.55 wud continue with upside bias n abv o/head res 89.55 (Aus.) wud bring gain to 89.70 but reckon 89.89 (NY high) wud cap upside.


For st trade, hold long n sell on upmove for
day trade. Below 89.15 may risk weakness twd 88.82.


Range Forecast
+89.35 / 89.70+


Resistance/Support
R: 89.55/89.89/90.07
S: 89.15/88.82/88.55

http://www.acetraderfx.com