| Currency | H | L | C | S3 | S2 | S1 | P | R1 | R2 | R3 | |
| EURUSD | 1.4391 | 1.4309 | 1.4329 | 1.4213 | 1.4261 | 1.4295 | 1.4343 | 1.4377 | 1.4425 | 1.4459 | |
| USDJPY | 113.38 | 112.78 | 113.13 | 112.22 | 112.50 | 112.81 | 113.10 | 113.41 | 113.69 | 114.01 | |
| GBPUSD | 1.9984 | 1.9809 | 1.9837 | 1.9594 | 1.9702 | 1.9769 | 1.9877 | 1.9944 | 2.0052 | 2.0119 | |
| USDCHF | 1.1591 | 1.1542 | 1.1580 | 1.1502 | 1.1522 | 1.1551 | 1.1571 | 1.1600 | 1.1620 | 1.1649 | |
| USDCAD | 1.0048 | 0.9951 | 1.0016 | 0.9865 | 0.9908 | 0.9962 | 1.0005 | 1.0059 | 1.0101 | 1.0155 | |
| AUDUSD | 0.8602 | 0.8568 | 0.8589 | 0.8538 | 0.8553 | 0.8571 | 0.8587 | 0.8605 | 0.8620 | 0.8638 | |
| NZDUSD | 0.7605 | 0.7534 | 0.7594 | 0.7479 | 0.7506 | 0.7550 | 0.7578 | 0.7621 | 0.7649 | 0.7693 | |
| EURJPY | 163.09 | 161.73 | 162.09 | 160.16 | 160.95 | 161.52 | 162.30 | 162.87 | 163.66 | 164.22 | |
| EURGBP | 0.7239 | 0.7194 | 0.7222 | 0.7152 | 0.7173 | 0.7197 | 0.7218 | 0.7242 | 0.7263 | 0.7288 | |
| EURCHF | 1.6619 | 1.6574 | 1.6596 | 1.6529 | 1.6551 | 1.6573 | 1.6596 | 1.6618 | 1.6641 | 1.6663 | |
| GBPJPY | 226.46 | 223.56 | 224.38 | 220.25 | 221.91 | 223.14 | 224.80 | 226.04 | 227.69 | 228.93 | |
| AUDJPY | 97.45 | 96.74 | 97.15 | 96.07 | 96.41 | 96.78 | 97.11 | 97.49 | 97.82 | 98.19 |
Friday, December 21, 2007
DAILY PIVOT POINTS
Thursday, December 20, 2007
GBPUSD & GBPJPY
GBPJPY
SHORT position at 225.80
STOP LOSS above 226.50 (-70 pips).
THE TARGETS are 224.87 / 224.30 / 223.65 / 221.38
OP, SL & TP at your own risks.
GBPUSD
STOP LOSS above 2.0010 (-50 pips).
The targets are 1.9860 / 1.9800 / 1.9665
OP, SL & TP at your own risks.
Monday, December 17, 2007
GBPJPY THIS WEEK
GBPJPY
LONG position at 228.50
STOP LOSS below 227.50 (-100 pips).
THE TARGETS are: 228.90 / 229.60 / 230.36
OP, SL & TP at your own risks
GBPJPY
SHORT position at 228.50
STOP LOSS above 229.50 (-100 pips).
THE TARGETS are 228.19 / 227.28 / 226.68
OP, SL & TP at your own risks
Friday, December 14, 2007
GBPUSD.GBPJPY
GBPJPY
LONG position at 229.33
STOP LOSS below 228.50 (-83 pips).
THE TARGETS are: 230.38
Each trade is dangerous, OP, SL & SL at your own risks
.................................................................................................
Friday, December 14th, 2007 (8:30 a.m. New York Time) USA
We will have only one tradable indicator, and that is Core CPI coming out of the U.S. It is expected to come out at 0.2%. I think this is worthy to trade with any deviation. If it comes out at 0.1% or lower, that would be dollar weakening so buy signal on GBP/USD, and we can expect 35 to 50 pips move or more in the first hour of the report. On the other hand, if it comes out at 0.3% or higher, we can expect a sell signal on GBP/USD, good for 35 to 50 pips or more in the first hour of the report. The CPI is less in focus than it used to be so we may get a choppy price action but still quite important.
SUMMARY:
* Report: US Core CPI
* Buy on GBP/USD if the number will be 0.1% or lower
* Sell on GBP/USD if the number will be 0.3% or higher
Thursday, December 13, 2007
GBPJPY
GBPJPY
SHORT position at 229.00
STOP LOSS above 230.60 (-160 pips).
THE TARGETS are 228.39/227.50/226.65
OP, SL & TP at your own risks.
Wednesday, December 12, 2007
GBPJPY
GBPJPY
SHORT position at 227.00
STOP LOSS above 227.60 (-60 pips).
THE TARGETS are 226.14 /225.15 / 224.85
Each trade is dangerous, OP, SL & TP at your own risks.
GBPUSD & GBPJPY
GBPJPY
SHORT position at 225.40
STOP LOSS above 226.60 (-120 pips).
TARGETS are: 225.29 / 224.90
STOP LOSS below 225.00 (-50 pips).
THE TARGETS are: 226.50
GBPUSD
SHORT position at 2.0333
STOP LOSS above 2.0373 (-40 pips).
The targets are 2.0294 / 2.0220
GBPUSD
LONG position at 2.0350
STOP LOSS below 2.0300 (-50 pips).
THE TARGETS are: 2.0400
GBPUSD.GBPJPY
GBPUSD
LONG position at 2.0350
STOP LOSS below 2.0300 (-50 pips).
THE TARGETS are: 2.0400
GBPJPY
LONG position at 225.50
STOP LOSS below 224.75 (-75 pips).
THE TARGETS are: 226.42 / 226.77 / 227.12
Each trade is dangerous, OP, SL & SL at your own risks
Tuesday, December 11, 2007
GBPUSD
SUMMARY:
* Report: UK Trade Balance
* Sell on GBP/USD if the number will be -8.5 B or more nagative
* Buy on GBP/USD if the number will be -6.4 B or less negative
* If the trigger is hit, expect 25 to 35 pips or more in the first hour of the report
US INTEREST RATE STATEMENT
3. Tuesday, December 11th, 2007 (2:15 p.m. New York Time) USA
At 2.15 p.m. New York time we will have U.S. Interest Rate Statement. It is expected they will cut rates from 4.50% to 4.25%. The futures are pricing in about 20% chance they may cut rates by 50 bp to 4.00%. If they cut the rates to 4.00%, it would be a buy signal on GBP/USD causing some major dollar weakness, and we should see a move of 70 to 100 pips or more. If they keep the rates unchanged at 4.50%, that would be dollar-strengthening, and we should see GBP/USD going down by 70 to 100 pips or more. If they cut the rates to 4.25% then the market reaction is going to be highly dependent on the statement released by Bernanke, and that is subject to a lot of interpretations. They have been pretty hawkish after the last cut but nobody listened to them and GBP/USD gained. That's why it is tough to say how the market is going to react to such comments. Unless you are experienced, I would stay away from it.
SUMMARY:
* Report: US Interests Rate Statement
* Sell on GBP/USD if they keep it unchanged
* Buy on GBP/USD if they cut the rates to 4.00%
* NO TRADE if they cut to 4.25%
Monday, December 10, 2007
GBPUSD
GBPUSD
SHORT position at 2.0333
STOP LOSS above 2.0373 (-40 pips).
The targets are 2.0294 / 2.0220
Each trade is dangerous, OP at your own risk and put your SL.
GBPJPY
GBPJPY
SHORT position at 227.00
STOP LOSS above 227.60 (-60 pips).
The targets are 225.95
Each trade is dangerous, OP at your own risk and put your SL.
Sunday, December 9, 2007
