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Keep Visiting Forexlearner for Latest Forex Daily Levels, Forex Live Rates, Forex Recommendations, Forex News*** "Headline News" October 05, 2007--- JAPAN ECON: Leading Index m/m 30.0% As Expected----

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FOREX SYGNALS SYSTEM

EURO

Latest trading recommendations 08.00 BST, 03.00 EST)  23-05-08 

Currency Date Time Strategy First Target Second target
EUR/US$ (buy) 22-05-08 13.00 Short term buy at 1.5635 1.5655 1.5675
EUR/US$ (sell) 23-05-08 08.00 Short-term, sell at 1.5810 1.5780 1.5750
US$/CHF (buy) 23-05-08 08.00 Short term, buy at 1.0255 1.0275 1.0295
US$/CHF (sell) 22-05-08 13.00 Short term, sell at 1.0395 1.0375 1.0355
AUD/US$ 21-05-08 13.00 Short term, sell at 0.9650 0.9620 0.9590
US$/CAD 21-05-08 13.00 Short term, buy at 0.9830 0.9850 0.9870
EUR/CHF 19-05-08 13.00 Short term, sell at 1.6350 1.6330 1.6310

(We suggest investors make their own stop-loss decisions. We will, however, assume that all trades have stop losses at 30 pips from entry unless we advise otherwise)

Pound

Latest short-term trading recommendations 08.00 BST, (03.00 EST)  23-05-08

Currency Date Time Strategy First target Second target
GBP/US$ (buy) 23-05-08 08.00 Short term buy at 1.9550 1.9580 1.9610
GBP/US$ (sell) 23-05-08 08.00 Short term sell at 1.9840 1.9815 1.9790
EUR/GBP (buy) 06-05-08 13.00 Short term, buy at 0.7810 0.7830 0.7850
EUR/GBP (sell) 23-05-08 08.00 Short term, sell at 0.8000 0.7980 0.7960
           

(We suggest investors make their own decisions on stop-loss positions. We will, however assume that all trades have stop losses at 30 points unless we advise otherwise)

Tuesday, July 31, 2007

OUR RECOMMENDATION

HANGSENG
31 July 2007 13:09:50

Expected Range : 22900 - 23100
Support : 22900 / 22850 / 22800
Resistance : 23100 / 23150 / 23200
Recommendation : Sell 23080
TP 22980, SL 23130

GBP / USD
31 July 2007 14:19:00
price ; 2.0290

Expected Range : 2.0424 - 2.0181
Support : 2.0224 / 2.0181 / 2.0130
Resistance : 2.0295 / 2.0344 / 2.0424
Recommendation : buy 2.0345, SL 2.0295, TP 2.0395
sell 2.0420-25, SL 2.0470, TP 2.0370

EUR/USD
31 July 2007 14:32:24
Price ; 1.3703

Expected Range : 1.3727 - 1.3611
Support : 1.3667 / 1.3611 / 1.3576
Resistance : 1.3727 / 1.3771 / 1.3824
Recommendation :
sell 1.3690, SL 1.3740, TP 1.3640

USD / JPY
31 July 2007 14:42:00
Price ; 118.94

Expected Range : 119.79 - 117.87
Support : 118.01 / 117.87 / 117.07
Resistance : 119.28 / 119.79 / 120.73
Recommendation : buy 119.30, SL 118.80, TP 119.80
sell 118.75, SL 118.25, TP 119.25

USD/CHF
31 July 2007 15:02:56
price ; 1.2039

Expected Range : 1.2099 - 1.1981
Support : 1.2006 / 1.1981 / 1.1961
Resistance : 1.2099 / 1.2132 / 1.2164
Recommendation : buy 1.2060, SL 1.2010, TP 1.2110

Forex Fundamental Analysis Reports |

FX Awaits Barrage of Data

At 1:00 AM Japan June Housing Starts y/y (exp -3.2%, prev -10.7%)
At 2:00 AM Germany June Retail Sales m/m (exp 1.0%, prev -1.8%)
Germany June Retail Sales y/y (exp -1.7%, prev -3.7%)
At 4:00 AM Germany July Unemployment Rate (exp 9.0%, prev 9.1%)
At 5:00 AM Eurozone July Business Climate (exp 1.46, prev 1.54)
Eurozone July HICP flash y/y (exp 1.9%, prev 1.9%)
Eurozone June Unemployment Rate (exp 7.0%, prev 7.0%)
At 5:30 AM UK July GfK Survey (exp -4.0, prev -3.0)
At 8:30 AM US June core PCE m/m (exp 0.2%, prev 0.1%)
US June core PCE y/y (exp n/f, prev 1.9%)
US June PCE index m/m (exp n/f, prev 0.5%)
US June PCE index y/y (exp n/f, prev 2.3%)
US June Consumption (exp 0.2%, prev 0.5%)
US June Personal Income (exp 0.5%, prev 0.4%)
US Q2 Employment Cost Index (exp 0.9%, prev 0.8%)
Canada May GDP m/m (exp 0.4%, prev 0.3%)
At 9:45 AM US July Chicago PMI (exp 58.0, prev 60.2)
At 10:00 AM US July Consumer Confidence (exp 105.0, prev 103.9)

The dollar continued to give back gains in early Tuesday trading, slipping through 1.37 against the euro and falling beneath 2.03 versus the sterling. The coming session will see a barrage of economic reports for traders to assess the strength of the economies in the Eurozone, US and Canada. The greenback's rebound from last week may be coming to an end, as traders are poised to resume the currency's downtrend against the majors.

US economic reports due out include the Fed's preferred gauge of inflation, the PCE index, June consumption, personal income, Q2 employment cost index, July Chicago PMI and July consumer confidence. The monthly core PCE figure is seen edging up slightly to 0.2% from 0.1%. Consumption for June is forecasted to slip to 0.2%, down from 0.5%, while personal income is expected to edge up slightly to 0.5% versus 0.4%. The Chicago PMI report is seen falling to 58.0, down from June at 60.2. Meanwhile, the Conference Board's index of consumer confidence is expected to improve to 105.0, down from 103.9.

Yen Falls on Mixed Data

The yen relinquished some of its recent gains against the majors, falling to 119 versus the dollar and 163.64 against the euro. Japan's June unemployment rate unexpectedly fell to its lowest level in 9-years at 3.7% while the jobs-to-applicants ratio improved to 1.07, from 1.06. However, the June all-households spending were up by just 0.1%, falling short of estimates for a 0.7% annualized improvement and the monthly figure fell by 0.2%. The wage earner household spending fell by 0.4%. Japan's manufacturing PMI fell beneath the key 50-level for the first time in 4-years, dipping into the territory of contraction at 49.0. The PMI output index also fell to 48.1 while output prices climbed to its highest reading ever at 52.6.

Euro Firms Ahead of Data

The euro recovered ahead of several key reports due out from the Eurozone later in the session. Germany's retail sales are seen improving in June, rising on a monthly basis to 1.0% and reversing the previous month's 1.8% decline and improving to a 1.8% decline versus a 3.7% drop a year earlier. The unemployment rate in Germany is also forecasted to fall to 9.0% from 9.1% in June.

Eurozone reports will also see unemployment for July, seen unchanged at 7.0%. The HICP flash is forecasted to hold steady at 1.9%, while the business climate is seen slipping to 1.46 from 1.54.

We continue to see further euro strength, with the recent drop viewed as a retracement prior to a resumption of its uptrend toward the 1.40-mark against the dollar

MG Financial Group

Legal disclaimer and risk disclosure

MG Financial Group, or any of its related companies, will not be held responsible for the reliability or accuracy of the information available on this site. The content provided is put forward in good faith and believed to be accurate, however, there are no implicit guarantees of accuracy or timeliness.

OUR RECOMMENDATION

NIKKEI
31 July 2007 06:42:42

Expected Range : 17250 - 17425
Support : 17250 / 17200 / 17150
Resistance : 17425 / 17470 / 17535
Recommendation : Buy 17280
TP 17380, SL 17230

KOSPI
31 July 2007 06:46:56

Expected Range : 241.90 - 246.70
Support : 241.90 / 241.20 / 240.50
Resistance : 246.70 / 247.50 / 248.15
Recommendation : Buy 243.00
TP 244.00 / SL 242.50

HANGSENG
31 July 2007 08:43:46

Expected Range : 22700 - 22900
Support : 22700 / 22650 / 22600
Resistance : 22900 / 22950 / 23000
Recommendation : Sell 22880
TP 22780, SL 22930


GBP / USD
31 July 2007 04:18:43
Closed:2.0243

Expected Range : 2.0158 - 2.0350
Support : 2.0203 / 2.0180 / 2.0141
Resistance : 2.0287 / 2.0303 / 2.0360
Recommendation : Sell 2.0287 TP 2.0210 SL 2.0320

EUR/USD
31 July 2007 04:09:20
Closed:1.3691

Expected Range : 1.3620 - 1.3750
Support : 1.3665/ 1.3631 / 1.3592
Resistance : 1.3735 / 1.3771/ 1.3813
Recommendation : Sell 1.3720 TP 1.3650 SL 1.3750

USD / JPY
31 July 2007 04:19:04
Closed:119.09

Expected Range : 118.50 - 119.80
Support : 118.72 / 118.34 / 117.94
Resistance : 119.50 / 119.87/ 120.37
Recommendation : Buy 118.80 TP 119.50 SL 118.50
Sell 119.47 TP 118.75 SL 119.87

USD/CHF
31 July 2007 04:23:57
Closed:1.2038

Expected Range : 1.1996 - 1.2095
Support : 1.2002 / 1.1982 / 1.1958
Resistance : 1.2073 / 1.2098 / 1.2132
Recommendation : Buy 1.2050 TP 1.2096 SL 1.2000
Sell 1.2080 TP 1.2002 SL 1.2120

Monday, July 30, 2007

OUR RECOMMENDATION

GBP / USD
30 July 2007 14:07:54
Price ; 2.0251

Expected Range : 2.0344 - 2.0120
Support : 2.0181 / 2.0120 / 2.0056
Resistance : 2.0260 / 2.0344 / 2.0424
Recommendation : sell 2.0340-45, SL 2.0390, TP 2.0290
sell 2.0180, SL 2.0230, TP 2.0130

EUR/USD
30 July 2007 14:26:04
Price ; 1.3647

Expected Range : 1.3691 - 1.3576
Support : 1.3611 / 1.3576 / 1.3478
Resistance : 1.3667 / 1.3691 / 1.3771
Recommendation : sell 1.3690, SL 1.3740, TP 1.3640
sell 1.3610, SL 1.3660, TP 1.3560

USD / JPY
30 July 2007 14:51:44
Price ; 118.75

Expected Range : 119.79 - 117.87
Support : 118.01 / 117.87 / 117.07
Resistance : 119.28 / 119.79 / 120.73
Recommendation : sell 119.75-80, SL 120.25, TP 119.25

USD/CHF
30 July 2007 15:14:38
Price ; 1.2062

Expected Range : 1.2132 - 1.2011
Support : 1.2021 / 1.1981 / 1.1961
Resistance : 1.2099 / 1.2132 / 1.2164
Recommendation : buy 1.2080, SL 1.2030, TP 1.2130

Forex Market Summary

U.S. Dollar Trading (USD) continued its recent rallies on the back of other majors. The U.S. dollar was also aided by a technical rebound and a tumble in stick prices. In data news, the GDP for the second quarter was released at a better figure than expectations, with a reading of 3.4% (Forecast: 3.2%), the fastest rate since the first quarter of 2006. Core PCE suggested inflation was moderating, gaining at a surprisingly low 1.4 percent annual rate, within the presumed comfort range of monetary policymakers and the lowest since the second quarter of 2003. In U.S. share markets, further drop in stock prices ensured that the NASDAQ continued to fall, down by 37.10 points (-1.43%) whilst the Dow Jones also tumbled by -208.10 points (-1.54%). Crude Oil rose on Friday by US$2.07 a barrel to US$77.02 as investors remained concerned about recent U.S. economic growth and its effect on near term supplies.

The Euro (EUR) continued to ease on the back of the USD rally. Added to this was a sharp decline in the EURJPY cross with investors taking a risk aversion point of view. Overall the EURUSD traded with a low of 1.3630 and a high of 1.3753 before closing the day at 1.3641 in the New York session.

The Japanese Yen (JPY) continued to rally on unwinding of JPY crosses. Overall the USDJPY traded with a range of a low 118.02 and a high of 119.29 before closing the day at 118.81 in the New York session.

The Sterling (GBP) dropped sharply against the dollar simultaneously reaching a six week low versus the Japanese Yen as high yielder's were sold off across the board. Overall the GBPUSD traded with a range of a low 2.0251 and a high of 2.0493 before closing the day at 2.0259 in the New York session.

The Australian Dollar (AUD) was the biggest mover on Friday easing almost 200 points in the early part of the European Session. The Aussie Dollar moved on the back of the selling off of Japanese crosses which also eased substantially. Overall the AUDUSD traded with a range of a low 0.8520 and a high of 0.8768 before closing the day at 0.8535 in the New York session.

Gold (XAU) fell by US$2.70 an ounce to US$660.10
CURRENCY PAIR IN FOCUS

AUD/JPY The rise in risk aversion originally sent the low-yielding yen to a three-month high against the dollar and a six-week high versus the Euro. However, the Japanese currency's gains versus the dollar proved fleeting, with the greenback boosted by investors repatriating cash out of riskier investments. After an overnight sell-off in credit and stock markets investors continued to pare risky positions such as carry trades, in which they borrow in low yielding currencies to invest in higher-yielding assets. That punished carry-trade favorites such as the New Zealand and Australian dollars.

OUR RECOMMENDATION

NIKKEI
30 July 2007 06:35:47

Expected Range : 17000 - 17150
Support : 17000 / 16950 / 16900
Resistance : 17150 / 17200 / 17250
Recommendation : Buy 17000
TP 17100, SL 16950

KOSPI
30 July 2007 06:39:19

Expected Range : 234.40 - 239.60
Support : 234.40 / 234.00 / 233.50
Resistance : 239.60 / 240.00 / 240.50
Recommendation : Buy 234.40
TP 235.40 / SL 233.90

HANGSENG
30 July 2007 08:40:12

Expected Range : 22425 - 22750
Support : 22425 / 22350 / 22300
Resistance : 22750 / 22800 / 22850
Recommendation : Buy 22470
TP 22570, SL 22420

GBP / USD
28 July 2007 03:24:07
Closed:2.0267

Expected Range : 2.0173 - 2.0358
Support : 2.0223 / 2.0197 / 2.0156
Resistance : 2.0310 / 2.0356 / 2.0402
Recommendation : Sell 2.0300 TP 2.0223 SL 2.0350
Buy 2.0220 TP 2.0320 SL 2.0190

EUR/USD
28 July 2007 03:17:14
Closed;1.3647

Expected Range : 1.3590 - 1.3750
Support : 1.3611 /1.3587 / 1.3535
Resistance : 1.3690 / 1.3726 / 1.3781
Recommendation : Sell 1.3680 TP 1.3590 SL 1.3720
Buy 1.3620 SL 1.3690 SL 1.3580

USD / JPY
28 July 2007 03:20:31
Closed:118.77

Expected Range : 117.90 - 119.65
Support : 118.46 / 118.06 / 117.90
Resistance : 119.79 / 120.73 / 121.53
Recommendation : Buy 118.20 TP 118.90 SL 117.80
Sell 118.96 TP 118.08 SL 119.16

USD/CHF
28 July 2007 03:27:37
Closed:1.2086

Expected Range : 1.2010 - 1.2168
Support : 1.2045 / 1.2007 / 1.1993
Resistance : 1.2092 / 1.2135 / 1.2167
Recommendation : Buy 1.2030 SL 1.2116 SL 1.2000
Sell 1.2093 TP 1.2024 SL 1.2116

Friday, July 27, 2007

OUR RECOMMENDATION

HANGSENG
27 July 2007 13:23:04
(john@tgfnusantara.com)
Expected Range : 22600 - 22750
Support : 22600 / 22550 / 22500
Resistance : 22750 / 22800 / 22850
Recommendation : Sell 22750
TP 22650, SL 22800

GBP / USD
27 July 2007 15:17:11
price ; 2.0376



Expected Range : 2.0493 - 2.0260
Support : 2.0421 / 2.0354 / 2.0284
Resistance : 2.0558 / 2.0628 / 2.0695
Recommendation : sell 2.0360, Sl 2.0410, TP 2.0310
buy 2.0260, SL 2.0210, TP 2.0310

Thursday, July 26, 2007

OUR RECOMMENDATION

HANGSENG
26 July 2007 13:13:01

Expected Range : 23300 - 23420
Support : 23300 / 23330 / 23300
Resistance : 23420 / 23470 / 23500
Recommendation : Buy 23300
TP 23400, SL 23250

GBP / USD
26 July 2007 14:09:19
Price ; 2.0498

Expected Range : 2.0615 - 2.0402
Support : 2.0458 / 2.0402 / 2.0325
Resistance : 2.0551 / 2.0615 / 2.0652
Recommendation :sell 2.0480, SL 2.0530, TP 2.0430
buy 2.0560, SL 2.0510, TP 2.0610

EUR/USD
26 July 2007 14:31:15
Price ; 1.3714

Expected Range : 1.3750 - 1.3660
Support : 1.3696 / 1.3659 / 1.3615
Resistance : 1.3750 / 1.3801 / 1.3882
Recommendation : sell 1.3750, SL 1.3800, TP 1.3700
sell 1.3695, SL 1.3745, TP 1.3645

USD / JPY
26 July 2007 14:57:45
Price ; 120.37

Expected Range : 120.95 - 119.45
Support : 119.80 / 119.45 / 119.16
Resistance : 120.95 / 121.14 / 121.50
Recommendation : sell 120.95, SL 121.45, TP 120.45
sell 119.75, SL 120.25, TP 119.25

USD/CHF
26 July 2007 15:11:54
Price ; 1.2132

Expected Range : 1.2191 - 1.2110
Support : 1.2110 / 1.2084 / 1.2.011
Resistance : 1.2164 / 1.2191 / 1.2249
Recommendation : sell 1.2190, SL 1.2240, TP 1.2140
buy 1.2115, SL 1.2065, TP 1.2165

OUR RECOMMENDATION

NIKKEI
26 July 2007 06:39:28
(john@**ra.com)
Expected Range : 17770 - 17920
Support : 17770 / 17750 / 17700
Resistance : 17920 / 17985 / 18000
Recommendation : Buy 17800
TP 17900, SL 17750

KOSPI
26 July 2007 06:41:07
(john@**ra.com)
Expected Range : 253.65 - 257.00
Support : 253.65 / 253.00 / 252.60
Resistance : 257.00 / 257.65 / 258.35
Recommendation : Buy 254.15
TP 255.15 / SL 253.60

HANGSENG
26 July 2007 08:40:47
(john@**ra.com)
Expected Range : 23300 - 23470
Support : 23300 / 23330 / 23300
Resistance : 23470 / 23535 / 23550
Recommendation : Sell 23470
TP 23370, SL 23520

GBP / USD
26 July 2007 04:02:13
Closed:2.0524

Expected Range : 2.0450 - 2.0612
Support : 2.0482 / 2.0455 / 2.0402
Resistance : 2.0556 / 2.0615 / 2.0648
Recommendation : Sell 2.0580 SL 2.0487 SL 2.0613
Buy 2.0478 TP 2.550 SL 2.0452

EUR/USD
26 July 2007 04:00:39
Closed:1.3712

Expected Range : 1.3650 - 1.3833
Support : 1.3692 / 1.3657 / 1.3618
Resistance : 1.3750 / 1.3801 / 1.3848
Recommendation : Sell 1.3758 SL 1.3680 SL 1.3800
Buy 1.3690 TP 1.3767 SL 1.3650

USD / JPY
26 July 2007 04:02:26
Closed:120.42

Expected Range : 119.89 - 121.07
Support : 120.15 / 119.78 / 119.45
Resistance : 120.81 / 121.07 / 121.54
Recommendation : Buy 120.12.TP 120.84 SL 119.80
Sell 120.80 TP 120.08 SL 121.15

USD/CHF
26 July 2007 04:02:04
Closed:1.2136

Expected Range : 1.2050 - 1.2192
Support : 1.2104 / 1.2084 / 1.2062
Resistance : 1.2153 / 1.2177 / 1.2210
Recommendation : Buy 1.2080 TP 1.2186 SL 1.2050
Sell 1.2193 TP 1.2090 SL 1.2210

Wednesday, July 25, 2007

OUR RECOMMENDATION

HANGSENG
25 July 2007 13:21:39

Expected Range : 23350 - 23470
Support : 23330 / 23330 / 23300
Resistance : 23470 / 23535 / 23550
Recommendation : Sell 23460
TP 23360, SL 23510

GBP / USD
25 July 2007 13:45:57
Price ; 2.0592

Expected Range : 2.0677 - 2.0469
Support : 2.0555 / 2.0469 / 2.0402
Resistance : 2.0652 / 2.0677 / 2.0722
Recommendation : sell 2.0550, SL 2.0600, TP 2.0500
buy 2.0470, SL 2.0420, TP 2.0520

EUR/USD
25 July 2007 14:01:05
Price ; 1.3805

Expected Range : 1.3851 - 1.3740
Support : 1.3795 / 1.3752 / 1.3746
Resistance : 1.3848 / 1.3875 / 1.3899
Recommendation : sell 1.3790, SL 1.3840, TP 1.3740
buy 1.3825, SL 1.3775, TP 1.3875

USD / JPY
25 July 2007 14:13:24
Price ; 120.03

Expected Range : 120.95 - 119.35
Support : 119.79 / 119.35 / 118.68
Resistance : 120.90 / 121.57 / 122.01
Recommendation : sell on bounce 120.90, SL 121.40, TP 120.40
sell 119.75, SL 120.25, TP 119.25

USD/CHF
25 July 2007 14:28:21
Price ; 1.2044

Expected Range : 1.2128 - 1.2011
Support : 1.2001 / 1.1974 / 1.1938
Resistance : 1.2064 / 1.2100 / 1.2127
Recommendation : buy 1.2065, SL 1.2015, TP 1.2115

OUR RECOMMENDATION

NIKKEI
25 July 2007 06:43:11

Expected Range : 17700 - 17820
Support : 17700 / 17650 / 17600
Resistance : 17820 / 17865 / 17900
Recommendation : Buy 17700
TP 17800, SL 17650

KOSPI
25 July 2007 06:49:47

Expected Range : 249.50 - 253.35
Support : 249.50 / 249.00 / 248.50
Resistance : 253.30 / 254.00 / 254.40
Recommendation : Buy 250.30
TP 251.30 / SL 249.80

GBP / USD
25 July 2007 03:49:27
Closed:2.0619

Expected Range : 2.0580 - 2.0680
Support : 2.0600 / 2.0568 / 2.0517
Resistance : 2.0651/ 2.0677 / 2.0706
Recommendation : Buy 2.0600 TP 2.0673 TP 2.0570
Sell 2.0650 TP 2.0589 SL 2.0700

EUR/USD
25 July 2007 03:42:48
Closed:1.3819

Expected Range : 1.3780 - 1.3907
Support : 1.3800 / 1.3777 / 1.3758
Resistance : 1.3843 / 1.3871 / 1.3900
Recommendation : Buy 1.3780 TP 1.3859 SL 1.3750
Sell 1.3863 TP 1.3790 SL 1.3880

USD / JPY
25 July 2007 03:45:43
Closed:120.20

Expected Range : 119.80 - 120.80
Support : 120.01 / 119.86 / 119.52
Resistance : 120.86/ 121.23 / 121.87
Recommendation : Sell 120.50 TP 119.80 SL 120.86

USD/CHF
25 July 2007 03:52:35
Closed:1.2031

Expected Range : 1.1987 - 1.2093
Support : 1.2009 / 1.1991 / 1.1982
Resistance : 1.2075/ 1.2091 / 1.2141
Recommendation :
Buy 1.2020 TP 1.2070 SL 1.1990

Tuesday, July 24, 2007

OUR RECOMMENDATION

HANGSENG
24 July 2007 13:36:58

Expected Range : 23370 - 23490
Support : 23370 / 23330 / 23300
Resistance : 23490 / 23550 / 23580
Recommendation : Sell 23490
TP 22390, SL 23540

GBP / USD
24 July 2007 13:32:36
Price : 2.0636

Expected Range : 2.0677 - 2.0570
Support : 2.0570 / 2.0528 / 2.0507
Resistance : 2.0613 / 2.0634 / 2.0666
Recommendation : sell 2.0665, SL 2.0715, TP 2.0615
sell 2.0565, SL 2.0615, TP 2.0515

EUR/USD
24 July 2007 13:55:44
Price ; 1.3818

Expected Range : 1.3883 - 1.3752
Support : 1.3795 / 1.3779 / 1.3739
Resistance : 1.3835 / 1.3843 / 1.3883
Recommendation : buy 1.3845, SL 1.3795, TP 1.3880
sell 1.3790, SL 1.3840, TP 1.3740

USD / JPY
24 July 2007 14:06:05
Price ; 120.61

Expected Range : 121.50 - 120.00
Support : 120.68 / 120.29 / 119.79
Resistance : 121.50 / 122.07 / 122.42
Recommendation : sell 121.45-50, SL 121.95, TP 120.95
sell 120.35, SL 120.85, TP 119.85

USD/CHF
24 July 2007 14:17:54
Price ; 1.2046

Expected Range : 1.2084 - 1.1961
Support : 1.2002 / 1.1944 / 1.1906
Resistance : 1.2098 / 1.2136 / 1.2194
Recommendation : buy 1.2065, SL 1.2015, TP 1.2115
sell 1.2025, SL 1.2075, TP 1.1975

OUR RECOMMENDATION

NIKKEI
24 July 2007 06:44:01
(john@tgfnusantara.com)
Expected Range : 17980 - 18170
Support : 17980 / 17900 / 17880
Resistance : 18170 / 18220 / 18250
Recommendation : Buy 18020
TP 18120, SL 17970

KOSPI
24 July 2007 06:45:21

Expected Range : 252.00 - 255.50
Support : 252.00 / 251.50 / 251.00
Resistance : 255.50 / 256.20 / 257.35
Recommendation : Buy 253.00
TP 254.00 / SL 252.50

HANGSENG
24 July 2007 08:44:07

Expected Range : 23250 - 2390
Support : 23250 / 23180 / 23150
Resistance : 23390 / 23430 / 23480
Recommendation : Sell 23390
TP 22290 , SL 23440

GBP / USD
24 July 2007 04:14:43
Closed:2.0586

Expected Range : 2.0550 - 2.0650
Support : 2.0562/ 2.0530 / 2.0483
Resistance : 2.0408 / 2.0641 / 2.0687
Recommendation : Buy 2.0575 TP 2.0615 SL 2.0550
Sell 2.0600 TP 2.0559 SL 2.0650

EUR/USD
24 July 2007 04:12:25
Closed:1.3804

Expected Range : 1.3770 - 1.3880
Support : 1.3793 / 1.3751 / 1.3702
Resistance : 1.3850/ 1.3878 / 1.3902
Recommendation : buy 1.3780 TP 1.3850 SL 1.3750
Sell 1.3835 TP 1.3780 SL 1.3880

USD / JPY
24 July 2007 04:16:30
Closed:121.03

Expected Range : 120.58 - 121.66
Support : 120.86 / 120.50/ 120.15
Resistance : 121.67/ 121.87 / 122.15
Recommendation : sell 121.50 TP 120.78 SL 121.80

USD/CHF
24 July 2007 04:18:16
Closed:1.2063

Expected Range : 1.2000 - 1.2115
Support : 1.2036 / 1.1996 / 1.1988
Resistance : 1.2093 / 1.2115 / 1.2154
Recommendation : Sell 1.2080 TP 1.2026 SL 1.2110
Buy 1.2030 TP 1.2088 SL 1.2000

Monday, July 23, 2007

OUR RECOMMENDATION

GBP / USD
23 July 2007 14:47:52

Expected Range : 2.0645 - 2.0469
Support : 2.0492 / 2.0433 / 2.0386
Resistance : 2.0598 / 2.0645 / 2.0704
Recommendation : sell 2.0645, SL 2.0695, TP 2.0595
sell 2.0575, SL 2.0625, TP 2.0525

EUR/USD
23 July 2007 14:52:18

Expected Range : 1.3878 - 1.3752
Support : 1.3788 / 1.3752 / 1.3725
Resistance : 1.3851 / 1.3878 / 1.3914
Recommendation : sell 1.3820, SL 1.3870, TP 1.3770

USD / JPY
23 July 2007 15:03:23

Expected Range : 121.68 - 119.92
Support : 120.56 / 119.92 / 118.99
Resistance : 122.13 / 123.06 / 123.70
Recommendation : sell 121.65, SL 122.15, TP 121.15
sell 120.75, SL 121.25, TP 120.25

USD/CHF
21 July 2007 03:25:45
Closed:1.2013

Expected Range : 1.2065 - 1.1961
Support : 1.1967 / 1.1932 / 1.1883
Resistance : 1.2065 / 1.2100 / 1.2135
Recommendation : buy 1.2005 , SL 1.1955, TP 1.2055

Forex Fundamental Analysis Reports

Forex Exchange Morning Report

New Zealand Dollar: NZD well supported by bond-issuance

The NZD opened on Friday morning around 0.7935 and traded a fairly tight range first up with rumours of option barriers at 0.7950 keeping a lid on any upside gains. This level held for the better part of the day, however conceded as strong demand outstripped supply resulting in the NZD closing above 0.7950. Overnight this theme continued as the NZD reached a new all time high of 0.7994. Supporting the NZD was news of a fresh NZ$879m 2yr uridashi from Toyota Finance Australia. NZD/JPY jumped through 97.00 as Japanese housewives continued to chase yield. Finance Minister Cullen's attempts to 'spook' them through the powers he has under section 12 of the Reserve Bank Act were by and large ignored.

Australian Dollar: AUD continues its golden run.

The AUD extended its gains to rise to a new 18-year high of 0.8814 against the weak US dollar as investors continued to chase high yielding currencies. Local PPI data failed to have an impact despite printing stronger. Overnight risk aversion crept back into the market as subprime concerns hit the headlines again with AUD falling around 80 points after reaching a new high of 0.8834. However the currency pair quickly recovered to close around the 0.8800 mark.

Major Currencies: USD weakens as sub-prime losses weigh on equities.

The USD suffered further losses on Friday as sub-prime mortgage concerns continued to weigh on riskier asset classes. US equity markets fell 1%, pushing government bond yields to six week lows after St Louis Federal Reserve President, William Poole, suggested that losses in the non-prime mortgage market were large enough to negatively impact home building and consumer spending. The euro strengthened to a new high of 1.3844, while JPY printed a low of 120.87. Sterling posted a new 26 year high of 2.0587 boosted by stronger than expected Q2 GDP data. A broadly softer USD has pushed the DXY, the index of the USD against other major currencies, to its lowest level in 12 years.

Economic Data and Events

US Fedspeak: St. Louis Fed's Poole, typically a fairly hawkish member, was fairly scathing of losses in the subprime market, saying they have punished 'mostly bad actors and poor lending practices'. He did acknowledge, however, that nonprime mortgages have had the advantage of expanding credit access. While he said that consumer spending could be impacted by subprime losses via a decline in homebuilding, there was no sign of that yet, nor of problems spreading to the overall banking sector.

UK GDP growth 0.8% in Q2. This held annual growth at 3.0% yr, and represents the sixth consecutive quarter where growth has matched or exceeded the 0.7% 'speed limit' generally ascribed to the UK economy. As such, the Bank of England's output gap analysis in the forthcoming August inflation report will likely show intensified inflation concerns. The limited detail in this advance report showed services growth easing slightly to 0.8%, manufacturing accelerating to 0.6% and construction accelerating to 1.1%.

Events Today
Date Country Release Last Forecast
23 Jul Aust Q2 Producer Price Index flat 0.7%
UK Jul R'move House Prices %yr 13.2% 11.2%
24 Jul US Jul Richmond Fed Index 4 6
Fedspeak: Mishkin, Poole
Eur May Current Account €bn –4.0 –0.2
Jul PMI Manufacturing adv 55.6 55.2
Jul PMI Services adv 58.3 58.0

Westpac Institutional Bank

OUR RECOMMENDATION

NIKKEI
23 July 2007 06:47:42

Expected Range : 17920 - 18170
Support : 17920 / 17900 / 17880
Resistance : 18170 / 18220 / 18250
Recommendation : Buy 17940
TP 18040, SL 17890

KOSPI
23 July 2007 06:49:26

Expected Range : 249.50 - 253.25
Support : 249.50 / 249.00 / 248.20
Resistance : 253.25 / 253.80 / 254.35
Recommendation : Buy 249.80
TP 250.80 / SL 249.30

HANGSENG
23 July 2007 08:43:05

Expected Range : 23100 - 23230
Support : 23100 / 23050 / 23000
Resistance : 23230 / 23250 / 23300
Recommendation : Sell 23220
TP 22120 , SL 23270

GBP / USD
21 July 2007 03:20:35
Closed:2.0547

Expected Range : 2.0480- 2.0594
Support : 2.0502 / 2.0458 / 2.0418
Resistance : 2.0582 / 2.0612/ 2.0643
Recommendation : Sell 2.0580 TP 2.0505 SL 2.0620
Buy 2.0520 TP 2.0587 SL 2.0480

EUR/USD
21 July 2007 03:18:54
Closed:1.3820

Expected Range : 1.3833 - 1.3752
Support : 1.3786 / 1.3752 / 1.3737
Resistance : 1.3833 / 1.3851 / 1.3872
Recommendation : Sell 1.3850 TP 1.3780 SL 1.3880
Buy 1.3778 TP 1.3853 SL 1.3750

USD / JPY
21 July 2007 03:23:00
Closed:121.23

Expected Range : 120.80 - 122.40
Support : 121.01 / 120.85 / 120.51
Resistance : 121.93 / 122.18 / 122.54
Recommendation : Buy 120.90 TP 121.80 SL 120.50
Sell 121.90 TP 121.00 SL 122.20

USD/CHF
21 July 2007 03:25:45
Closed:1.2013

Expected Range : 1.1977 - 1.2052
Support : 1.1996 / 1.1981 / 1.1957
Resistance : 1.2035 / 1.2067 / 1.282
Recommendation : Buy 1.1990 TP 1.2043 SL 1.1958
Sell 1.2050 TP 1.2000 SL 1.2080

Thursday, July 19, 2007

OUR RECOMMENDATION

HANGSENG
19 July 2007 14:11:29

Expected Range : 22850 - 23000
Support : 22850 / 22800 / 22750
Resistance : 23000 / 23050 / 22100
Recommendation : Sell 22950
TP 22850 , SL 23000

GBP / USD
19 July 2007 13:52:58
Price ; 2.0528

Expected Range : 2.0570 - 2.0458
Support : 2.0510 / 2.0458 / 2.0421
Resistance : 2.0547 / 2.0570 / 2.0652
Recommendation : sell 2.0506, SL 2.0555, TP 2.0455

sell 2.0570, SL 2.0620, TP 2.0520
EUR/USD

19 July 2007 14:25:38
Price ; 1.3805

Expected Range : 1.3833 - 1.3752
Support : 1.3786 / 1.3752 / 1.3715
Resistance : 1.3817 / 1.3833 / 1.3877
Recommendation : sell 1.3750, SL 1.3800, TP 1.3700
buy 1.3835, SL 1.3785, TP 1.3885

USD / JPY
19 July 2007 14:39:34
Price ; 121.86

Expected Range : 121.60 - 120.98
Support : 121.57 / 121.20 / 120.98
Resistance : 122.40 / 122.61 / 123.08
Recommendation : buy 122.00, SL 121.50, TP 122.50
sell 121.50, SL 122.00, TP 121.00

USD/CHF
19 July 2007 14:59:51
Price ; 1.2005

Expected Range : 1.2067 - 1.1961
Support : 1.1961 / 1.1918 / 1.1876
Resistance : 1.2049 / 1.2084 / 1.2101
Recommendation : sell 1.1960, SL 1.2010, TP 1.1910
buy 1.2.050, SL 1.2000, TP 1.2100

OUR RECOMMENDATION

KOSPI
19 July 2007 06:48:33

Expected Range : 245.05 - 248.00
Support : 245.05 / 244.60 / 244.00
Resistance : 248.00 / 248.80 / 249.50
Recommendation : Buy 245.50
TP 246.50 / SL 245.00

HANGSENG
19 July 2007 08:40:36

Expected Range : 22800 - 22983
Support : 22800 / 22750 / 22700
Resistance : 22983 / 23000 / 22050
Recommendation : Buy 22800
TP 22900 , SL 22750

GBP / USD
19 July 2007 04:13:30
Closed:2.0528

Expected Range : 2.0468 - 2.0585
Support : 2.0510 / 2.0472 / 2.0419
Resistance : 2.0556 / 2.0586 / 2.0612
Recommendation : Buy 2.0480 TP 2.0576 SL 2.0450
Sell 2.0550 TP 2.0470 SL 2.0580

EUR/USD
19 July 2007 04:07:47
Closed:1.3800

Expected Range : 1.3736 - 1.3844
Support : 1.3750 / 1.3716 / 1.3683
Resistance : 1.3806 / 1.3843 / 1.3878
Recommendation : Sell 1.3796 TP 1.3750 SL 1.3820
Buy 1.3758 TP 1.3810 SL 1.3708

USD / JPY
19 July 2007 04:11:53
Close:121.95

Expected Range : 120.96 - 122.58
Support : 121.74 / 121.54 / 120.98
Resistance : 122.09 / 122.54 / 122.69
Recommendation : Sell 122.30 TP 121.64 SL 122.67
Buy 121.50 TP 122.20 SL 121.00

USD/CHF
19 July 2007 04:15:26
Closed:1.2005

Expected Range : 1.1962 - 1.2073
Support : 1.1986 / 1.1948 / 1.1924
Resistance : 1.2040 / 1.2086 / 1.2124
Recommendation : Sell 1.2037 TP 1.1986 SL 1.2068
Buy 1.1985 TP 1.2034 SL 1.1950

Tuesday, July 17, 2007

Forex Fundamental Analysis Reports

Yield And Commodity Prices Support AUD
New Zealand Dollar: NZD rallies on CPI and USD weakness

After opening quietly around 0.7865 yesterday the NZD immediately rallied on the release of Q2 CPI data which came in at 1.0% for a year-on-year rise of 2.0%. The closely watched non-tradeables portion showed an increase of 1.1%, a level that will cause the RBNZ some concern. This saw the currency trading just short of 0.7900 ahead of rumoured option barriers before settling around 0.7870, triggering stop loss orders on the way down. A late afternoon buying spree saw a second attempt at 0.7900, this time trading as high as 0.7907 before ending the day around 0.7890. Continued USD weakness overnight saw the NZD trade as high as 0.7935, with the currency opening over 50 points higher than yesterday on a trade weighted basis.

Australian Dollar: Yield and commodity prices support AUD

The AUD's status as a high yielder saw it rally sharply yesterday as investors sought better returns on growing speculation that the Federal Reserve will keep US interest rates on hold. Strong gold and commodity prices also helped push the AUD to an 18-year high, with the currency also trading to a 16-year high against the JPY. Overnight trading saw the currency also supported by USD weakness as it opens today firmly above 0.8700

Major Currencies: USD continues to struggle ahead of key data.

The USD continued to struggle against most of the majors overnight as traders remained bearish the USD ahead of some key data later this week. The GBP continued its recent surge against the USD, touching on new a fresh 26 year high of 2.0405 as traders seemed content on chasing higher yields. The EUR remained close to recent highs, trading in a range of 1.3760 to 1.3804 as traders look ahead to US data for further direction. Most notably, US Producer Price Index out tomorrow as well as inflation and housing data out on Wednesday are expected to be key determinants of whether sentiment out of the US remains negative in the short term.

Economic Data and Events

US NY Fed index rises from 25.8 to 26.5 in July. Although the NY Fed index has regularly spiked into the mid twenties in the past few years, the last occasion that it managed to build upon the previous month's surge with a further rise was in Aug 2005. That suggests that there is some decent strength re-emerging in the region's manufacturing sector; the sharp gains in the orders and jobs indices back that view. In fact the steep fall in inventories suggests that NY bosses may have been a little caught out by the strength of demand for their products this month. But it also points to likely ongoing strength in production in coming months.

Canadian manufacturing shipments fall 0.1% in May. Softness in auto and metals offset gains in aerospace and energy to leave shipments essentially unchanged in May. Because many of these shipments are exports and are priced in US dollars, the rapid appreciation of the C$ dampens the data (i.e. less Canadian dollars are received for a given US dollar price). Adjusting for this, shipment volumes rose 0.4% (a positive for Q2 GDP calculations). Separately, auto sales slipped slightly in May compared to preliminary StatCan guidance which was that sales would be flat. Guidance for June is for a further 1% decline.

Euroland inflation 1.9% yr in June. No revision to the headline rate and the core rate stayed at 1.9% yr for the fifth month running. Given that the European Central Bank's definition of price stability (they don't like the word 'target') is close to but below 2%, this string of 1.9% outcomes must be quite satisfying for ECB officials!

UK house prices 10.9% yr in May. The government's official house price measure (from the Dept for Communities and Local Government) is more dated than the private sector surveys but shows essentially the same story - steady inflation, or perhaps even a slight deceleration so far this year, compared to last year's run up from close to zero growth to double digit inflation at the end of 2006. It seems that the past year of rate rises is starting to impact a little on the housing market; separately, mortgage lending data also show some moderation.

Events Today
Country Release Last Forecast
Aust Jun Merchandise Imports AUDbn 15.6 -
US Jun Producer Price Index/Core 0.9%/0.2% flat/0.2%
May TIC Data $bn 111.8 90.0
Jun Industrial Production flat 0.7%
Jun Capacity Utilisation 81.3% 81.6%
Jul IBD/TIPP Economic Optimism 49.1 47.0
Jul NAHB Index 28 27
Fedspeak: Hoenig
Jpn May Tertiary Activity Index 1.7% 0.2%
Ger Jul ZEW Analysts' Survey 20.3 24.0
UK Jun CPI %yr 2.5% 2.4%

Westpac Institutional Bank

OUR RECOMMENDATION

NIKKEI
17 July 2007 07:20:48
(raymond@tgfnusantara.com)
Expected Range : 18150 - 18315
Support : 18150 / 18100 / 18050
Resistance : 18315 /18375 / 18435
Recommendation : Buy 18200
TP 18300, SL 18150



GBP / USD
17 July 2007 03:31:13
Closed:2.0366

Expected Range : 2.0290 - 2.0425
Support : 2.0340 / 2.0282 / 2.0266
Resistance : 2.0391 / 2.0425 / 2.0455
Recommendation : Buy 2.0350 TP 2.0396 SL 2.0300
Sell 2.0385 TP 2.0280 SL 2.0400

EUR/USD
17 July 2007 03:30:56
Closed:1.3772

Expected Range : 1.3730 - 1.3850
Support : 1.3755 / 1.3727 / 1.3681
Resistance : 1.3812 / 1.3849 / 1.3889
Recommendation : Buy 1.3756 TP 1.3812 SL 1.3706
Sell 1.3787 TP 1.3720 SL 1.3806

USD / JPY
17 July 2007 03:31:29
Closed:121.86

Expected Range : 121.20 - 122.64
Support : 121.59 / 121.20 / 120.98
Resistance : 122.12 / 122.53 / 122.92
Recommendation : Sell 122.30 TP 121.73 SL 122.67
Buy 121.60 TP 122.26 SL 121.20

USD/CHF
17 July 2007 03:32:19
Closed:1.2031

Expected Range : 1.1985 - 1.20109
Support : 1.1999 / 1.1982/ 1.1955
Resistance : 1.2050 / 1.2076 / 1.2097
Recommendation : Sell 1.2050 TP 1.1990 SL 1.2095
Buy 1.19890 SL 1.2046 SL 1.1956

Monday, July 16, 2007

Asian Market Update:

The dollar recovered marginally from a record low against the euro on Monday, supported by strong U.S. consumer sentiment and expectations for hawkish comments from the Fed chairman in testimony this week. Analysts expect Ben Bernanke to tell the U.S. Congress in monetary policy testimony on Wednesday and Thursday that the Federal Reserve is more worried about a flare up in inflation than it is that housing market turbulence may seriously damage the economy.

That helped the dollar recover from a record low of $1.3815 struck against the euro on Friday during a month-long downtrend driven by a fall in retail sales and fears the U.S. subprime mortgage crisis could frighten foreign investors away from U.S. credit markets. At 0230 GMT, the dollar was quoted at $1.3781/84 against the euro.

Last week, ratings agencies Standard & Poor's and Moody's Investors Service warned of downgrades to billions of dollars in risky mortgage debt, undermining the dollar. The dollar trade-weighted index was up modestly at 80.59 on Monday, after hitting a 2-1/2-year low of 80.442 at the end of last week.

U.S. stock markets rallied to record highs on Friday on optimism about consumer sentiment. The Reuters/University of Michigan Surveys of Consumers said its preliminary July consumer sentiment index was the highest since January. Although the U.S. reported a steep drop in retail sales for June, traders said the consumer sentiment data supported the

dollar because it was forward looking. Still, many traders expect benchmark U.S. interest rates to stay on hold, while other central banks keep tightening monetary policy.

A public holiday in Japan thinned trading volumes in Asia. The yen was a shade weaker at 122.10 per dollar and seemed to be getting sold against the New Zealand dollar after data showed second-quarter consumer prices in New Zealand rose more than expected. The kiwi traded up to $0.7898, its highest since it was floated in 1985.

Last week, the RBNZ said it will continue to intervene in markets if it saw the currency at extreme levels.


Technicals:

EURUSD
Bullish momentum is still there and a break of 1.3810 will lead to 1.3835 and then 1.3890/00. Support at 1.3760.

GBPUSD
A break of 2.0365 will lead to the 2.0395/00 area and then to 2.0450 and 2.0500. Support at 2.0280.

USDJPY
Next resistance at 122.55 and 122.85. Support at 121.80 and 121.05.

EURJPY
Bullish with next target at 168.95/00. A break there can lead to 169.20 and 169.70. Support at 167.70.

AUDUSD
The bullish run continues. Record high fro the Aussie since 1989. Resistance is at 0.8800 Support at 0.8650.

OUR RECOMMENDATION

HANGSENG
16 July 2007 13:27:40

Expected Range : 23000 - 23100
Support : 23000 / 22950 / 22900
Resistance : 23100 / 23150 / 23200
Recommendation : Sell 23100
TP 23000 , SL 23150

GBP / USD
16 July 2007 13:54:25
Price ; 2.0342

Expected Range : 2.0365 - 2.0243
Support : 2.0324 / 2.0260 / 2.0243
Resistance : 2.0365 / 2.0383 / 2.0426
Recommendation : sell 2.0320, SL 2.0370, TP 2.0270
buy 2.0245, SL 2.0195, TP 2.0295

EUR/USD

16 July 2007 14:12:16
Price ; 1.3778

Expected Range : 1.3822 - 1.3730
Support : 1.3762 / 1.3730 / 1.3701
Resistance : 1.3813 / 1.3837 / 1.3862
Recommendation : sell 1.3760, SL 1.3810, TP 1.3710
buy 1.3815, SL 1.3765, TP 1.3865

USD / JPY
16 July 2007 14:28:38
Price ; 121.89

Expected Range : 122.61 - 120.98
Support : 121.72 / 121.47 / 121.03
Resistance : 122.43 / 122.87 / 123.13
Recommendation : sell 121.70, SL 122.20, TP 121.20
buy 122.20, SL 121.70, TP 122.70

USD/CHF

14 July 2007 14:47:32
Price ; 1.2022

Expected Range : 1.2067 - 1.1984
Support : 1.1984 / 1.1921 / 1.1880
Resistance : 1.2067 / 1.2101 / 1.2131
Recommendation : sell 1.1980, SL 1.2030, TP 1.1930
buy 1.2070, SL 1.2020, TP 1.2120

USD Mired Near Lows

Japan's Market Closed for Holiday

At 2:00 AM Germany June HICP m/m (exp 0.1%, prev 0.2%)
Germany June HICP y/y (exp 2.0%, prev 2.0%)
Germany June CPI m/m (exp 0.1%, prev 0.2%)
Germany June CPI y/y (exp 1.8%, prev 1.9%)
At 5:00 AM Eurozone CPI m/m (exp 0.1%, prev 0.2%)
Eurozone CPI y/y (exp 1.9%, prev 1.9%)
Eurozone CPI ex-F&E m/m (exp 0.1%, prev 0.2%)
Eurozone CPI ex-F&E y/y (exp 1.9%, prev 1.9%)
At 8:30 AM US July NY Fed Manufacturing Survey (exp 18.0, prev 25.75)
Canada May Manufacturing Shipments (exp 0.5%, prev -0.6%)

The dollar continued to struggle in a holiday-thinned Asian session, remaining mired near all-time lows against the euro shy of the 1.38-mark and 26-year lows versus the sterling. Lingering uncertainties stemming from the subprime mortgage market and potential spillover to the overall economy are the catalyst for the latest sell-off in the greenback. Although the FOMC has offered little hints of a possible shift to an easing stance, traders' anticipation for a rate cut either later this year or in early 2008 has compounded the dollar's woes.

Several key US economic reports slated for release this week, including inflation reports, TICS, industrial production, capacity utilization, housing starts, building permits, leading indicators and the Philadelphia Fed manufacturing survey. The June CPI report is seen largely unchanged from its previous readings, suggesting the FOMC will continue to focus on inflation. The main event this week however, will be Fed Chairman Bernanke's Congressional testimony on Wednesday. We anticipate Bernanke to maintain that inflationary pressures on the economy continue to be the Fed's primary concern, albeit acknowledging further slowdown in growth.

Euro Holds Steady Near All-Time Highs

The euro maintains its strength near record highs against the dollar and yen heading into the week. In the coming session, traders will digest inflation data from Germany and the Eurozone. Germany's CPI is forecasted to hold steady at 0.1% versus 0.2% from a month prior and 1.8% from 1.9% in the previous year. Meanwhile, the Eurozone CPI is also largely unchanged around 1.9% annually and 0.1% monthly.

EURUSD hovers just beneath the 1.38-level, with traders intent on pushing the pair towards near record highs. Resistance begins at 1.38, followed by 1.3850 and 1.3880. Subsequent ceilings are seen at 1.39, backed by 1.3940 and 1.40. On the downside, support begins at 1.3740, followed by 1.37 and 1.3650. Additional floors will emerge at 1.3630, backed by 1.36 and 1.3550.

Sterling Remains Buoyed


Cable continues to hold steady near its highest levels in 26-years above the 2.03-level. The coming week will likely push the pair to higher, with slate of UK economic reports due out. The key focus will be CPI data, which will show inflation in the UK remains above the 2% target, at 2.4% -- likely prompting the BoE to continue tightening this year. Traders will also closely scrutinize the MPC's July meeting minutes for confirmation of additional rate hikes. Also due out will be the UK's May labor report, with the unemployment rate expected to hold steady at 5.5%.

MG Financial Group

OUR RECOMMENDATION

KOSPI
16 July 2007 06:50:17

Expected Range : 251.00 - 254.00
Support : 251.00 / 250.50 / 250.20
Resistance : 254.00 / 254.50 / 255.00
Recommendation : Sell 253.70
TP 252.70 / SL 254.20

HANGSENG
16 July 2007 08:42:01

Expected Range : 23000 - 23150
Support : 23000 / 22950 / 22900
Resistance : 23150 / 23200 / 23250
Recommendation : Sell 23150
TP 23050 , SL 23200

GBP / USD
14 July 2007 05:06:44
Close:2.0335

Expected Range : 2.0280 - 3.0420
Support : 2.0324 / 2.0286 / 2.0275
Resistance : 2.0367 / 2.0397 / 2.0425
Recommendation : Buy 2.0290 TP 2.0376 SL 2.0250
Sell 2.0387 TP 2.0296 SL 2.0420

EUR/USD
14 July 2007 05:02:15
Closed:1.3786

Expected Range : 1.3730 - 1.3825
Support : 1.3756 / 1.3723 / 1.3683
Resistance : 1.3803 / 1.3842 / 1.3868
Recommendation : Buy 1.3750 TP 1.3800 SL 1.3700
Sell 1.3793 TP 1.3730 SL 1.3825

USD / JPY
14 July 2007 05:04:36
Close:122.00

Expected Range : 121.67 - 122.78
Support : 121.80 / 121.46 / 121.20
Resistance : 122.45 / 122.69 / 122.92
Recommendation : Buy 121.80 TP 122.54 SL 121.50
Sell 122.45 TP 121.75 SL 122.80

USD/CHF
14 July 2007 05:08:59
Closed:1.2023

Expected Range : 1.1980 - 1.2100
Support : 1.2002 / 1.1984 / 1.1972
Resistance : 1.2058 / 1.2097 / 1.2123
Recommendation : Sell 1.2050 TP 1.1980 SL 1.2100
Buy 1.1990 TP 1.2065 SL 1.1972

Friday, July 13, 2007

US Retail Sales and Import Prices Likely To Drive EUR/USD To Test 1.3800

Import Price Index (JUN) (12:30 GMT; 08:30 EST)
Expected: 0.7%
Previous: 0.9%

Advance Retail Sales (JUN) (12:30 GMT; 08:30 EST)
Expected: -0.1%
Previous: 1.4%

How Will The Markets React?

On Friday morning, the release of the US import price index and advance retail sales hold major market-moving potential, as the news will reflect two of the most important topics relating US asset trading: inflation and consumption. First, while import price growth is anticipated to slow in June to 0.7 percent, the figure is still relatively buoyant and will likely be supported by high petroleum product prices. Nevertheless, core inflation (CPI excluding food and energy) remains the Federal Reserve's predominant concern, so an oil-price led increase in import costs may not lead to extremely hawkish Fed expectations. Meanwhile, advance retail sales are estimated to fall 0.1 percent in June after surging 1.4 percent in May. With average gasoline prices over $3/gallon during that period, the decline is likely to be led by a slump in automobile purchases, as cars and light trucks sold at a 15.6 million annual rate in June - the slowest since October 2005. Excluding automobiles, retail sales are still anticipated to slow substantially to a rate of 0.2 percent from 1.3 percent the month prior. However, there are risks to both the upside and the downside. Good news first: stores like Wal-Mart and Costco have reported better-than-estimated sales results in June. Now the negative: Wal-mart has said that the jump in sales was generally due to price discounts, while Home Depot Inc. and Sears Holdings Corp. warned sales and profits will be weaker than expected, partly blaming the woes in the housing sector. Meanwhile, Macy's, JC Penney, and Kohl's all reported disappointing results on soft apparel sales. US markets are likely to respond in similar manners to Friday's data. If the import price report is softer than estimates, bonds and equities are likely to rally while the US dollar will continue to take on additional losses. However, the combination of upside surprises in both the inflation report and retail sales figure will lead the markets to consider the possibilities of policy tightening by the Federal Reserve later this year.

Bonds - US 10-Year Treasury Note Futures

The return to risk appetite saw Fixed Income markets shed a good portion of very recent advances, with the 10-Year Treasury Note futures losing down to 105-04. However, support at the 104-27/105 level could prevent additional losses, especially if import prices and retail sales hit the tape at softer than expected levels, as markets would be little swayed to price in Fed tightening. On the other hand, signs that both inflation and consumption are growing could send Treasuries plummeting lower.

FX - EUR/USD

As traders desperately search for a top in EUR/USD, the release of US economic data regarding both inflation and consumption will draw a significant amount of attention. However, the estimates for Friday's import price index and retail sales figure may only push the pair up to 1.3800, as price growth is expected to ease while consumption is predicted to take a hit. These factors would be highly bearish for the US dollar, as the markets will see such data as a signal that the Fed will remain on hold throughout the rest of the year, despite their persistently hawkish stance. Nevertheless, 1.3800 represents a psychologically important level for EUR/USD, so a sell-off of the US dollar to that figure may be capped. Furthermore, the move could result in a sharp turnaround, especially if the data is mixed, as dollar bulls waiting in the wings will be looking for any reason to fade the overextended pair

OUR RECOMMENDATION

NIKKEI
13 July 2007 06:30:12

Expected Range : 18150 - 18280
Support : 18150 / 18100 / 18050
Resistance : 18280 /18320 / 18375
Recommendation : Sell 18280
TP 18180, SL 18330

KOSPI
13 July 2007 06:35:39

Expected Range : 245.00 - 249.30
Support : 245.00 / 244.45 / 243.70
Resistance : 249.30 / 249.85 /250.45
Recommendation :
Buy 245.50
TP 246.50 / SL 245.00


GBP / USD
13 July 2007 04:43:30
Closed:2.0293

Expected Range : 2.0267 - 2.0386
Support : 2.0275 / 2.0256 / 2.0225
Resistance : 2.0330 / 2.0365 / 2.0388
Recommendation : Buy 2.0280 TP 2.0350 SL 2.0250
Sell 2.0345 TP 2.0268 SL 2.0380

EUR/USD
13 July 2007 04:45:03
Closed:1.3783

Expected Range : 1.3725 - 1.3820
Support : 1.3720 / 1.3683 / 1.3643
Resistance : 1.3803 / 1.3852 / 1.3886
Recommendation : Buy 1.3750 TP 1.3798 SL 1.3700
Sell 1.3800 TP 1.3740 SL 1.3830

USD / JPY
13 July 2007 04:43:54
Closed:122.45

Expected Range : 121.82 - 122.87
Support : 122.12 / 121.81 / 11.35
Resistance : 122.72 / 123.01 / 123.48
Recommendation : Sell 122.67 TP 121.86 SL 122.96
Buy 122.08 TP 122.83 SL 121.80

USD/CHF
13 July 2007 04:42:00
Closed:1.2031

Expected Range : 1.1.9990 - 1.2120
Support : 1.2008 / 1.1993 / 1.1981
Resistance : 1.2065 / 1.2099 / 1.2121
Recommendation : Sell 1.2086 TP 1.2008 SL 1.2120
Buy 1.2000 Tp 1.2063 SL 1.1980

OUR RECOMMENDATION

NIKKEI
13 July 2007 06:30:12

Expected Range : 18150 - 18280
Support : 18150 / 18100 / 18050
Resistance : 18280 /18320 / 18375
Recommendation : Sell 18280
TP 18180, SL 18330

KOSPI
13 July 2007 06:35:39

Expected Range : 245.00 - 249.30
Support : 245.00 / 244.45 / 243.70
Resistance : 249.30 / 249.85 /250.45
Recommendation :
Buy 245.50
TP 246.50 / SL 245.00


GBP / USD
13 July 2007 04:43:30
Closed:2.0293

Expected Range : 2.0267 - 2.0386
Support : 2.0275 / 2.0256 / 2.0225
Resistance : 2.0330 / 2.0365 / 2.0388
Recommendation : Buy 2.0280 TP 2.0350 SL 2.0250
Sell 2.0345 TP 2.0268 SL 2.0380

EUR/USD
13 July 2007 04:45:03
Closed:1.3783

Expected Range : 1.3725 - 1.3820
Support : 1.3720 / 1.3683 / 1.3643
Resistance : 1.3803 / 1.3852 / 1.3886
Recommendation : Buy 1.3750 TP 1.3798 SL 1.3700
Sell 1.3800 TP 1.3740 SL 1.3830

USD / JPY
13 July 2007 04:43:54
Closed:122.45

Expected Range : 121.82 - 122.87
Support : 122.12 / 121.81 / 11.35
Resistance : 122.72 / 123.01 / 123.48
Recommendation : Sell 122.67 TP 121.86 SL 122.96
Buy 122.08 TP 122.83 SL 121.80

USD/CHF
13 July 2007 04:42:00
Closed:1.2031

Expected Range : 1.1.9990 - 1.2120
Support : 1.2008 / 1.1993 / 1.1981
Resistance : 1.2065 / 1.2099 / 1.2121
Recommendation : Sell 1.2086 TP 1.2008 SL 1.2120
Buy 1.2000 Tp 1.2063 SL 1.1980

Tuesday, July 10, 2007

OUR RECOMMENDATION

NIKKEI
10 July 2007 06:36:27

Expected Range : 18150 - 18280
Support : 18150 / 18100 / 18020
Resistance :
18280 / 18330 / 18380
Recommendation : Sell 18280 TP 18180, SL 18330


KOSPI

10 July 2007 06:42:03

Expected Range : 239.00 - 241.85
Support : 239.00 / 238.50 / 238.15
Resistance : 241.85 / 242.50 /243.00
Recommendation : Sell 241.50 TP 240.50 / SL 242.00

GBP / USD
10 July 2007 04:47:54
Closed;2.0145

Expected Range : 2.0127 - 2.0200
Support : 2.0130 / 2.0094 / 2.0074
Resistance : 2.0174 / 2.0199 / 2.0225
Recommendation : Buy 2.0130 TP 2.0180 SL 2.0100
Sell 2.0186 TP 2.0120 SL 2.0200

EUR/USD
10 July 2007 04:45:37
Closed:3618

Expected Range : 1.3570 - 1.3680
Support : 1.3583 / 1.3542 / 1.3503
Resistance : 1.3643 / 1.3674 / 1.3702
Recommendation : Buy 1.3605 TP 1.3665 SL 1.3580
Sell 1.3640 TP 1.3590 SL 1.3680

USD / JPY
10 July 2007 04:48:07
Closed:123.38

Expected Range : 123.08 - 124.00
Support : 123.10 / 122.981 / 122.66
Resistance : 123.63 / 123.94 / 124.16
Recommendation : Buy 123.30 TP 123.86 SL 123.00

USD/CHF
10 July 2007 04:47:47
Closed:1.2168

Expected Range : 1.2120 - 1.2200
Support : 1.2142 / 1.2108 / 1.2082
Resistance : 1.2193 / 1.2208 / 1.2242
Recommendation : Sell 1.2196 TP 1.2140 SL 1.2208
Buy 1.2130 TP 1.2193 SL 1.2100

Monday, July 9, 2007

This Signal design just for currency GBP/US, EU,CHF

Great British Pound(GBP)

The British pound dropped down in a strong bearish pattern to hit the major support level at 2.0060s. The pressure on the buying side was obvious at the bottom which in role pushed the pound towards the upside to close then in a balanced pattern; nevertheless the technical indicators show the upside move for the week ahead.

The trading range for today might be between the key resistance level at 2.0200 and the key support level at 2.0050.

The general trend is up as far as 1.9475 and 1.9360 remains intact targets now at 2.0100 and 2.0240

Recommendation : We expect buying sterling above 2.0080 with a target at 2.0145, stop loss below 2.0055.

EURO


The European currency dropped down last Friday to hit the key support level at 1.3590s to reveres then towards the upside in order to bounce some of the losses due to the downside drop; the euro then opened the upside channel to set the target at 1.3670s major resistance level in the week ahead.

The trading range for today might be between the key resistance level at 1.3670 and the key support level at 1.3580.

The general trend is up as far as 1.3235 remains intact targets now at 1.3700 and 1.3840

Recommendation : We expect buying euro above 1.3618 with a target at 1.3670, stop loss below 1.3580

SWISS Frank(CHF)

Since the dollar against the SWISS Frank drove through the upside channel last Friday at the beginning of the session to drop down then in terms of recovering the bullish losses; this move might be considered a preparation for a downside drop in the upcoming days.

The trading range for today will be between the key resistance at 1.2220 and the key support at 1.2130.

The general trend is down as far as 1.2540 remains intact, targets at 1.1875 and 1.1665.

Recommendation : We expect buying USD/CHF above 1.2150 with a target at 1.2220, stop loss below 1.2100.

OUR RECOMMENDATION

HANGSENG
9 July 2007 13:17:22

Expected Range : 22580 - 22750
Support : 22580 / 22520 / 22450
Resistance : 22750 / 22800 / 22850
Recommendation : Sell 22750

TP 22650 , SL 22800
GBP / USD
9 July 2007 13:39:19
Price ; 2.0103

Expected Range : 2.0149 - 2.0042
Support : 2.0056 / 2.0015 / 1.9974
Resistance : 2.0140 / 2.0190 / 2.0206
Recommendation : sell 2.0095, SL 2.0145, TP 2.0045
buy 2.0145, SL 2.0095, TP 2.0195

EUR/USD
9 July 2007 14:06:32
Price ; 1.3622

Expected Range : 1.3680 - 1.3567
Support : 1.3580 / 1.3537 / 1.3507
Resistance : 1.3653 / 1.3683 / 1.3726
Recommendation : sell 1.3605, SL 1.3655, TP 1.3555
buy 1.3645, SL 1.3595, TP 1.3680

USD / JPY
7 July 2007 14:52:32
Closed;123.37

Expected Range : 123.93 - 122.87
Support : 123.09 / 122.96 / 122.55
Resistance 123.65 / 123.93 / 124.13
Recommendation : buy 123.10, SL 122.60, TP 123.60
sell 123.90, SL 124.40, TP 123.40

USD/CHF
7 July 2007 15:08:28
Closed;1.2181

Expected Range : 1.2259 - 1.2091
Support : 1.2150 / 1.2120 / 1.2079
Resistance : 1.2221 / 1.2262 / 1.2292
Recommendation : buy 1.2195, SL 1.2165, TP 1.2245
sell 1.2160, SL 1.2210, TP 1.2110

Forex Fundamental Analysis Reports

UK PPI Data Will Influence Interest Rate Expectations

Sterling will remain very sensitive to inflation data, especially as markets are expecting further interest rate increases. The producer prices impact will be curbed to some extent by the fact that the consumer inflation data is not due until next week.

The rise in energy prices is likely to put further upward pressure on input prices in the latest monthly data, following on from the 1.2% increase recorded last month. In this context, Sterling will tend to strengthen immediately if input prices rise by more than 1.3% over the month while a rise of 0.7% or less would tend to weaken the UK currency.

The Bank of England will also be watching the output prices data very closely and this data is liable to have the greater medium-term impact on interest rate expectations. The central bank is still very concerned that a rise in input prices will also lead on to higher output prices and maintain general upward pressure on inflation. A key first sign of success for the bank will be if companies are less able to pass on cost increases. The latest survey evidence has generally suggested that companies are still pushing prices higher, although pressures do not appear to have intensified.

A monthly increase of more than 0.5% in output prices and 0.4% for core output prices would reinforce fears that corporate pricing policies, allied with higher costs, are pushing overall inflation higher. This would increase the risk of further interest rate increases and provide short-term Sterling support. The UK currency will be vulnerable to significant selling pressure if core output prices do not increase over the month even if there is a robust input prices figure.

Investica

OUR RECOMMENDATION

NIKKEI
9 July 2007 06:44:57

Expected Range : 18180 - 18350
Support : 18180 / 18100 / 18020
Resistance : 18350 / 18410 / 18475
Recommendation : Sell 18300
TP 18200, SL 18350

KOSPI
9 July 2007 06:43:50

Expected Range : 236.00 - 239.50
Support : 236.00 / 235.50 / 235.00
Resistance : 239.50 / 240.00 / 240.50
Recommendation : Sell 239.05
TP 238.05 / SL 239.55

GBP / USD
7 July 2007 04:49:23
Closed:2.0104

Expected Range : 2.0050 - 2.0157
Support : 2.0089 / 2.0057 / 2.0016
Resistance : 2.0140 / 2.0177 / 2.0202
Recommendation : Sell 2.0130 TP 2.0067 SL 2.0180
Buy 2.0080 TP 2.0125 SL 2.0050


EUR/USD
7 July 2007 04:50:22
Closed:1.3620

Expected Range : 1.3564 - 1.3680
Support : 1.3600 / 1.35582 / 1.3546
Resistance : 1.3640 / 1.3663 / 1.3694
Recommendation : sell 1.3650 TP 1.3576 SL 1.3680

USD / JPY
7 July 2007 04:49:55
Closed;123.37

Expected Range : 122.90 - 123.92
Support : 123.00 / 122.76 / 122.59
Resistance : 123.50 / 123.92 / 124.06
Recommendation : Buy 123.05 TP 123.80 SL 122.80
Sell 123.50 TP 122.78 SL 124.00

USD/CHF
7 July 2007 04:48:34
Closed;1.2181

Expected Range : 1.2160 - 1.2250
Support : 1.2158/ 1.2124/ 1.2092
Resistance : 1.2203/ 1.2244 / 1.2283
Recommendation : Buy 1.2170 TP 1.2230 SL 1.2150
Sell 1.2250 TP 1.2180 Sl 1.2300

Friday, July 6, 2007

Asian Market Update:

The Dollar held onto its gains in Asian trade after strong US services data soothed concerns that the Federal Reserve might have to cut interest rates later this year.

The Dollar rose against the Euro, Sterling and Yen yesterday after the Institute for Supply Management’s services index rose in June to its highest level in a year, beating forecasts for a small decline.

Activity was subdued in Asian trading however, as the market is waiting for the US payrolls due later today for more clues about the future path of the Fed’s monetary policy.

Economists forecast a median 120,000 new jobs were created in June compared with 157,000 jobs in May, while the unemployment rate is seen unchanged at 4.5%.

Another US report yesterday from private employment services company ADP Employer Services pointed to strong job growth, leading market participants to believe that the Labor Department’s jobs data at 12:30 GMT will be better than expected.

The Dollar is trading at 123.10 Yen, little moved from late New York trade. The Euro is also steady at $1.3595, off a two-month high of $1.3660 hit yesterday.

The European Central Bank left interest rates on hold at 4% yesterday, as expected. At the same time, the central bank suggested it would tightened rates in coming months to fight inflation.

A Reuters poll showed on Tuesday a majority of economists expect the ECB to raise rates in September.

The Bank of England raised interest rates yesterday, as expected, to 5.75% and said inflation risks remained on the upside. A Reuters poll taken shortly after the BoE’s rate announcement showed that just over half the economists surveyed forecast British interest rates will hit 6% this year.

Technicals:

EURUSD
Resistance at 1.3634 and 1.3673/82. Support at 1.3581 and 1.3527.

GBPUSD
Resistance now at 2.0160 and then 2.0200. Support at 2.0095.

USDJPY
Bullish with next target at 123.28 and then 123.75. Support at 122.70 and 122.07/14.

EURJPY
Resistance at 167.50and 168.00. Support at 167.19 and 166.50.

AUDUSD
Prices are pushing higher with resistance at 0.8598. Support at 0.8550 and 0.8494.

FX Overview

Forex Fundamental Analysis Reports

Today's Key Points

* The bearish steepener is back. US yields soared 10bp yesterday. Equities have retreated in Asia and the FX market is stable.
* Today's main event is the US non-farm payrolls report. We expect a reading below market expectations.
* The Swedish National Debt Office borrowing requirement for June is published today.

Markets Overnight

Yesterday saw a huge move given the weight normally attached to the ADP report and ISM non-manufacturing data. US 10yr yields rose no less than 10bp and 2yr yields soared by 8bp. Once again we are thus facing a bearish steepening of the US curve. The very same trend we saw during the bear market in May-June.

On the equity side the S&P500 stayed unchanged in yesterday's trading session, whereas the Nasdaq rose by 0.4%. So far this morning the Asian stock indices are down.

The FX market has seen few changes since yesterday afternoon. Since the EUR/USD broke through 136 on the downside the cross has remained unchanged just below 136. The EUR/JPY is still close to the all time high levels as it lingers above 167.2. The Scandinavian currencies have not seen any major shifts. The EUR/NOK has continued its move towards 790.

Global Daily

The release of the US employment report today is likely to set the tone in the financial markets during the coming weeks. We expect non-farm payrolls to show job creation of 115k, down from 147k and somewhat below consensus of 120k. However, risks are clearly to the upside following yesterday's strong ADP employment survey, which posted an increase by 150k. The US unemployment rate is expected to stay unchanged at 4.5%.

As far as yields are concerned, though, the risk ought to be on the downside, since the market has already priced in a strong report. Large surprises in the employment report will likely push the EUR/USD out of its recent range of 1.358-1.368 - and if our employment estimate is correct, we expect a test of 1.368. In the UK, the report on industrial production could be interesting to follow after the Bank of England hiked rates yesterday. We expect the EUR/GBP to move towards the 0.67 level in the coming week.

Scandi Daily

The Swedish National Debt Office borrowing requirement for June is published at 09:30. The SNDO forecasts SEK 0.0bn, which is 4.7bn lower than the old forecast due to eg higher tax revenues and higher dividends on state-owned companies. The full year forecast was recently raised to 138bn from 112bn. Hence, money continues to flood into government finances. The EUR/SEK and 2y government yield spread remained stable yesterday at around 9.15 and 25bp respectively.

Danske Bank

OUR RECOMMENDATION

HANGSENG

6 July 2007 14:05:47

Expected Range : 22450 - 22550
Support : 22450 / 22400 / 22350
Resistance : 22550 / 22600 / 22650
Recommendation : Sell 22550
TP 22450 , SL 22600

GBP / USD
6 July 2007 14:07:20
Price ; 2.0103

Expected Range : 2.0173 - 2.0016
Support : 2.0042 / 2.0016 / 1.9928
Resistance : 2.0127 / 2.0173 / 2.0206
Recommendation : sell 2.0080, SL 2.0130, TP 2.0030
buy 2.0130, SL 2.0080, TP 2.0180

EUR/USD
6 July 2007 14:30:10
Price ; 1.3588

Expected Range : 1.3630 - 1.3482
Support : 1.3545 / 1.3515 / 1.3485
Resistance : 1.3603 / 1.3630 / 1.3680
Recommendation : sell 1.3575, SL 1.3635, TP 1.3525
sell 1.3630, SL 1.3680, TP 1.3580

USD / JPY
6 July 2007 14:52:51
Price ; 123.18

Expected Range : 124.13 - 122.07
Support : 123.00 / 122.68 / 122.07
Resistance : 123.55 / 123.93 / 124.13
Recommendation : buy 123.60, SL 123.10, TP 124.10
sell 122.95, SL 123.45, TP 122.45

USD/CHF
6 July 2007 15:09:58
Price ; 1.2196

Expected Range : 1.2259 - 1.2091
Support : 1.2160 / 1.2091 / 1.2055
Resistance : 1.2225 / 1.2259 / 1.2320
Recommendation : sell 1.2255-60, SL 1.2305, TP 1.2205
buy 1.2205, SL 1.2155, TP 1.2255

Forex Recommendation