GBPForex free forex predictions July 12, 2010

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GBPForex free forex predictions July 12, 2010

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Information about GBPForex free forex predictions July 12, 2010 from GBPForex

free forex predictions for GBP-USD July 12, 2010

The pair has broken below its strong support and remains under pressure, the RSI is mixed to bearish.

Prefer scenario : SELL positions @ 1.5070 with

TP 1 : 1.5030

TP 2 : 1.5000

TP 3 : 1.4980

Alternative scenario: The upside breakout of 1.5080 will open the way to 1.5140 / 1.5200

free forex predictions for EUR-USD July 12, 2010

The pair stands within a ST bearish channel and is challenging its support, the RSI is mixed and calls for caution.

Prefer scenario : SELL positions @ 1.2630 with

TP 1 : 1.2600

TP 2 : 1.2580

TP 3 : 1.2560

Alternative scenario: The upside penetration of 1.2650 will call for a rebound towards 1.2700 / 1.2750

free forex predictions for AUD-USD July 12, 2010

The RSI is bullish and calls for further advance.

Prefer scenario : BUY positions above 0.8750 with

TP 1 : 0.8780

TP 2 : 0.8800

TP 3 : 0.8820

Alternative scenario : Below 0.8690 look for further downside with 0.8620 / 0.8560

free forex predictions for USD -JPY July 12, 2010

The pair has broken above its resistance and remains on the upside.

Prefer scenario : BUY positions @ 88.80 with

TP 1 : 89.10

TP 2 : 89.30

TP 3 : 89.50

Alternative scenario : The downside penetration of 88.70 will call for a slide towards 88.25 / 87.95.

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