Trade from 25 pips per day on signals - page 26
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Forecast on two currency pairs for next week from 30.05 - 03.06.2011
GBP-USD
On the daily chart the Pound has reached 1.6505 and seems to be headed upwards, but a correction downwards is still possible. Sell below 1.64 with targets at 1.6320, further to 1.6220 -1.6140 Buy only after a pullback down, or above 1.6550 (but !!!) If the price remains above this level, it follows by the targets at 1.6610 -1.6660 and by 16795. Tomorrow's holiday in England may send the pair into sideways movement.
EUR-USD
On the daily chart, a pullback is possible at the beginning of the week because of the holidays in England and America. If the price remains above 1.43, the rally will continue. Below 1.42, the correction might slip below 1.41 and towards 1.40. Selling is possible below 1.42 with targets at 1.4140, 1.4065. Buying is difficult to consider from the current levels. You may try to buy on a pullback, after the continuation of the pair's downward movement from the Fibonacci levels. At the beginning of the week I do not rule out a sideways movement between 1.43 and 1.42
This signal reached TP 3 1.4450 + 75 pips