Forex Signal Today

May 7, 2008

Mei 07, 2008
At Time : (time are in GMT+7 or Indonesia Jakarta Time (WIB))
14:50 GBP/USD down (Sell)
19:00 GBP/USD up (Buy)
23:00 GBP/USD down (Sell)

 ALWAYS put a Stop Loss (SL) MAX 40 pips, and Target Profit (TP) starting from 10 to 70 pips, you can use a trailing stop too. 

USE AT YOUR OWN RISK !

Forex Analysis Today

Wednesday May 7, 2008

EUR-USD
Strength can extend to 1.5563 or even higher than 1.56 as declines are expected to find support at 1.5493 or 1.5459. A fall below 1.5385 could turn it bearish.

GBP-USD
It may attempt a test higher to 1.9755 after which weakness may set it to a drift down to below 1.9659 limit.

USD-JPY
Market should hold major support at 103.91 before rising towards 105.25 or even 105.73 limit.

USD-CHF
Market should hold major support at 1.0418 before rising towards 1.0572 or even 1.0623 limit.