Monday, January 08, 2007

Forex view...

Hello Traders,

Poor US data this week
NFP Beat Expectations
JPY - The Big Winner Last Week

EUR-USD - consolidating 1,2980 ( main support, breaking point ) - 1,3020. eed to move above 1,3020 for double bottom possibility, below 1,2980 bullish scenario will be negated. EUR - strong under-pressure from EUR-JPY. Watching market...

USD-CHF - CHF was stronger last Friday vs EUR and GBP. End of Carry Trade ?
Pair testing strong resistance now - watch chart below. This is big chance for CHF bulls to push pair lower. If not here, where ?
Strategy: Build short position here with sl above 1,2580 tp 1,18-1,19


JPY - watch GBP-JPY chart below, propably buy JPY on dips strategy will work for a next weeks...




Good Luck
Piotr

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