Forex Trend Prediction Apr 10, 2013
GBP/USD 10/4/2013
1 week Trend: (=) 1 month Trend: (=)
GBP/USD intraday: key ST resistance at 1.536.
Pivot: 1.536
Our preference: Short positions below 1.536 with targets @ 1.5245 & 1.521 in extension.
Alternative scenario: Above 1.536 look for further upside with 1.541 & 1.545 as targets.
Comment: the pair is rebounding but stands below its previous high.
Key levels
1.545
1.541
1.536
1.5339 last
1.5245
1.521
1.515
EUR/USD 10/4/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.306
Our preference: Long positions above 1.306 with targets @ 1.3135 & 1.316 in extension.
Alternative scenario: Below 1.306 look for further downside with 1.303 & 1.2995 as targets.
Comment: the pair is supported by a rising trend line and is challenging its previous high.
Key levels
1.319
1.316
1.3135
1.31012 last
1.306
1.303
1.2995
USD/JPY 10/4/2013
1 week Trend: (=) 1 month Trend: (=)
USD/JPY intraday: the bias remains bullish.
Pivot: 98
Our preference: Long positions above 98 with targets @ 99.65 & 100 in extension.
Alternative scenario: Below 98 look for further downside with 97.15 & 96.4 as targets.
Comment: the pair remains on the upside and is approaching its previous high.
Key levels
100.8
100
99.65
99.253 last
98
97.15
96.4
Technical Analysis – Time MetaTrader4
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