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EURUSD Forecast:
The EURUSD made indecisive movement yesterday. The bullish momentum after breakout from the previous range of 1.4250 – 1.4450 seems limited so far and looks like price is trying to make another choppy market. However, as long as price stay above 1.4450 area, the bullish scenario targeting 1.4600 should remains intact. Break below 1.4450 should be seen as potential bullish failure re-testing 1.4250 area once again.



GBPUSD Forecast:
The GBPUSD had a bullish momentum yesterday. On daily chart below we can see that price has convincingly move above the bearish channel indicating potential bullish targeting 1.6250 area. Immediate support ...

[B]Bias:[/B] While 84.38-76 caps I look for losses down to the 82.29-39 area before recovering

Breach of the 84.44-58 area has prompted additional losses which have reached 83.35 thus far and I feel there is still further to go. The 84.38-76 area provides resistance and while this caps I will look for losses to extend further later back to the 83.35 low and while this area should cause a correction I feel the decline should eventually extend to the 82.29-39 area. However, around here I'd expect a base for stronger gains 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 ...

Attached Files

• The Brief Daily Forecaster.pdf (23.5 KB, 128 次查看)

Welcome to the FXReturn.com London Forex Market Call for January 13th, 2010. GBP/USD: Closes near the highs of the session and above the 61.8% retracement level at 1.6149. If the rally continues,1.6289 will be in our crosshairs; this is the 50% level from the October low to the November high. If the market can close above this level, new found buying would resurface and would push the market higher. 1.6066 is the 10 day average and is acting as support. GOLD: Down over $24.00 which is a horrible close for the bulls. However, the market managed to close above the 50% level at 1125.00. This is a positive for the bulls. If the market can rally from this level, 1155 would be the next objective. Closes below 1125.00 would signal a move back down ...

Hi! Check out today's appearance on ForexTV:

http://www.forextv.com/Forex/Video/V...&movieid=61718