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The GBP/JPY has little support below the alarm price and the GBP/USD has substantial room to drop below the alarm price. on both pairs the trends could improve quite a bit below these price levels.


GBP/JPY – first level support is around 117.40, set sell alarm here

GBP/USD – first level support is around 1.5265, set sell alarm here



When the alarms hit verify any sell entries with The Forex Heatmap ™ and look for GBP weakness or cross currency strength or both.


Good Trading
Mark Mc Donnell
www.forexearlywarning.com
Spot Forex Trading Plans Across 28 Currency Pairs
$19.95 per month


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[url="http://www.daytradingbias.com/?page_id=1093"]Weekly Outlook[/url] updated for the week of Nov 21 to 25.

You can view the latest charts and comments [url="http://www.daytradingbias.com/?page_id=1093"]here[/url].
Previous week comments and charts can also be found on the same page.

For those who are interested in mechanical approach to chart analysis, check out our [i]Weekly Cycle Projection[/i] - it provides [url="http://www.daytradingbias.com/?page_id=6847"]visual weekly forecast[/url] for the markets we support.

[b]Free Symbol Rotation[/b] this week is offering the premium reports on the pair [color=green][b]GBPUSD[/b][/color] for FREE.

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USD weakness is projected on many majors tonight.

USD/JPY – this pair could drop from the current price down to the 76.00 support area, look for a sell signals in the main session

GBP/USD – set resistance alarm at 1.6160, room to move past there

EUR/USD – set resistance alarm at 1.3860, room to move up to as high as 1.4145

NZD/USD – set resistance alarm at 0.7990, room to move back up to 0.8225

When the price alarms hit verify any buy or sell entries with The Forex Heatmap ™ and look for USD weakness or cross currency strength or both.


Good Trading
Mark Mc Donnell
www.forexearlywarning.com
Spot Forex Trading Plans Across ...