Forex Trend Prediction Apr 9, 2013

GBP/USD               9/4/2013

1 week Trend:  118577 (=) 1 month Trend: 118578 (=)
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 posting a rebound but stands below its previous high.

Key levels
1.545
1.541
1.536
1.531 last
1.5245
1.521
1.515

2000728

EUR/USD               9/4/2013

1 week Trend: 118577 (=) 1 month Trend: 118578 (=)
EUR/USD intraday: rebound.
Pivot: 1.3005

Our preference: Long positions above 1.3005 with targets @ 1.307 & 1.3105 in extension.

Alternative scenario: Below 1.3005 look for further downside with 1.2965 & 1.2935 as targets.

Comment: the pair is rebounding on its new support and should reach its previous high as the RSI is reversing up.

Key levels
1.3135
1.3105
1.307
1.30377 last
1.3005
1.2965
1.2935

2000729

EUR/JPY               9/4/2013
 

1 week Trend: 000300 (=) 1 month Trend: 000300 (=)
EUR/JPY intraday: the upside prevails.
Pivot: 128.4

Our preference: Long @ 128.5 with targets @ 130 & 130.65 in extension.

Alternative scenario: Below 128.4 look for further downside with 127.25 & 125.5 as targets.

Comment: the pair is facing a pull back on its support, the RSI is reversing up from its oversold area.

Key levels
131.5
130.65
130
128.949 last
128.4
127.25
125.5

2000730

Technical Analysis – Time MetaTrader4

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