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Free forex predictions for GBP-USD August 11, 2010

The pair is facing a consolidation as its intraday RSI lacks upward momentum.

Prefer scenario : SELL positions @ 1.5855 with

TP 1 : 1.5810

TP 2 : 1.5800

TP 3 : 1.5780

Alternative scenario: The upside penetration of 1.5880 will call for 1.5915 / 1.5955

free forex predictions for EUR-USD August 11, 2010

The pair is under pressure and is challenging its support, the RSI is mixed to bearish.

Prefer scenario : SELL positions @ 1.3155 with

TP 1 : 1.3115

TP 2 : 1.3100

TP 3 : 1.3090

Alternative scenario: The upside penetration of 1.3175 will call for a rebound towards 1.3235 / 1.3265

free forex predictions for AUD-USD August 11, 2010

The RSI is mixed to bearish.

Prefer scenario : SELL positions @ 0.9135 with

TP 1 : 0.9100

TP 2 : 0.9090

TP 3 : 0.9075

Alternative scenario : Above 0.9150 look for further upside with 0.9175 / 0.9207

free forex predictions for USD-JPY August 11, 2010

The pair has broken below its bearish flag lower boundary and is approaching its previous low.

Prefer scenario : SELL positions @ 85.60 with

TP 1 : 85.30

TP 2 : 85.20

TP 3 : 85.10

Alternative scenario : The upside penetration of 85.75 will call for a rebound towards 86.00 / 86.25

Free forex predictions for GBP-USD August 10, 2010

The pair has broken below a rising trend line and remains under pressure.

Prefer scenario : SELL positions @ 1.5860 with

TP 1 : 1.5830

TP 2 : 1.5810

TP 3 : 1.5800

Alternative scenario: The upside penetration of 1.5880 will call for a rebound towards 1.5955 / 1.5995

free forex predictions for EUR-USD August 10, 2010

The pair is under pressure and is challenging its support, the RSI is mixed to bearish.

Prefer scenario : SELL positions @ 1.3200 with

TP 1 : 1.3175

TP 2 : 1.3160

TP 3 : 1.3150

Alternative scenario: The upside penetration of 1.3225 will call for 1.3270 / 1.3300

free forex predictions for AUD-USD August 10, 2010

The RSI advocates for further downside.

Prefer scenario : SELL positions @ 0.9140 with

TP 1 : 0.9110

TP 2 : 0.9080

TP 3 : 0.9060

Alternative scenario : Above 0.9155 look for further upside with 0.9208 / 0.9220

free forex predictions for USD-JPY August 10, 2010

The pair is on the upside and is challenging its declining trend line

Prefer scenario : BUY positions @ 85.65 with

TP 1 : 86.00

TP 2 : 86.20

TP 3 : 86.30

Alternative scenario : The downside breakout of 85.55 will open the way to 85.3 / 85.05

Free forex predictions for GBP-USD August 02, 2010

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

Prefer scenario : BUY positions @ 1.5680 with

TP 1 : 1.5710

TP 2 : 1.5730

TP 3 : 1.5750

Alternative scenario: The downside penetration of 1.5650 will call for 1.5600 / 1.5550

free forex predictions for EUR-USD August 02, 2010

The pair stands within a bullish channel and is approaching its resistance

Prefer scenario : BUY positions @ 1.3050 with

TP 1 : 1.3080

TP 2 : 1.3100

TP 3 : 1.3130

Alternative scenario: The downside penetration of 1.3025 will call for a slide towards 1.2975 / 1.2940

free forex predictions for AUD-USD August 02, 2010

The break above the resistance at 0.9050 triggered an upward acceleration to 0.9155

Prefer scenario : BUY positions @ 0.9065 with

TP 1 : 0.9090

TP 2 : 0.9110

TP 3 : 0.9150

Alternative scenario : Below 0.9050 look for further downside with 0.9000 / 0.8975

free forex predictions for USD-JPY August 02, 2010

The pair stands below its resistance and remains under pressure

Prefer scenario : SELL positions @ 86.65 with

TP 1 : 86.35

TP 2 : 86.15

TP 3 : 86.00

Alternative scenario : The upside penetration of 86.75 will call for 87.00 / 87.20

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