Friday, January 26, 2007

Forex view...

Hello Traders,

Important today:

EUR - German Import Prices
GBP - Mortgage approvals
USD - Durable Good Orders and New Home Sales

EUR-USD - No change in view at this moemnt, 1,2915 support is testing, some bounce from this level possible

Strategy: Holding short, take partial profit here, sl for rest put at 1,2960

GBP-USD - as I wrote yesterday, I took small short above 1,9700. This short was closed during asian session. Stand aside at this moment, wait for GBP data. Bulls have a chances for move again higher while 1,9560-9600 holding as support...

Strategy: wait for clear signal

USD-JPY - ...and again we have a chances for move twds 122,00-25, support121,25 and lower 120,60-80...

Strategy: Look to buy on dip sl below 120,65 limit 121,80 and 122,25

JPY - waiting for clear signal...

NZD-USD - chances for big move down...double top formation possible

Startegy: wait for double top confirmation, if done sell at market

Good Luck
Piotr

ps
More details, write : piotr.wilczynski@finexo.de

No comments: