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Free forex predictions for GBP-USD August 06, 2010

The pair has rebounded on its support and is challenging its bullish flag upper boundary.

Prefer scenario : BUY positions @ 1.5830 with

TP 1 : 1.5880

TP 2 : 1.5900

TP 3 : 1.5930

Alternative scenario: The downside penetration of 1.5810 will call for 1.5760 / 1.5715

free forex predictions for EUR-USD August 06, 2010

The pair is pulling back on its MT bullish channel lower boundary ahead of a rebound.

Prefer scenario : BUY positions @ 1.3165 with

TP 1 : 1.3195

TP 2 : 1.3220

TP 3 : 1.3240

Alternative scenario: The downside breakout of 1.3145 will open the way to 1.3120 / 1.3090

free forex predictions for AUD-USD August 06, 2010

The key rising trend line maintains a bullish bias.

Prefer scenario : BUY positions @ 0.9160 with

TP 1 : 0.9190

TP 2 : 0.9210

TP 3 : 0.9235

Alternative scenario : Below 0.9130 look for further downside with 0.9070 & 0.9020

free forex predictions for USD-JPY August 06, 2010

The pair has broken above its ST bearish channel upper boundary and should post a further up move

Prefer scenario : BUY positions @ 85.85 with

TP 1 : 86.10

TP 2 : 86.25

TP 3 : 86.35

Alternative scenario : The downside breakout of 85.70 will open the way to 85.55 / 85.30

Free forex predictions for GBP-USD August 05, 2010

The RSI has broken above a declining trend line, the pair should rebound on its support.

Prefer scenario : BUY positions @ 1.5880 with

TP 1 : 1.5930

TP 2 : 1.5950

TP 3 : 1.5960

Alternative scenario: The downside penetration of 1.5860 will call for 1.5800 /  1.5720

free forex predictions for EUR-USD August 05, 2010

The pair should rebound on its MT bullish channel lower boundary as the RSI is turning up.

Prefer scenario : BUY positions @ 1.3125 with

TP 1 : 1.3160

TP 2 : 1.3175

TP 3 : 1.3200

Alternative scenario: The downside penetration of 1.3100 will call for 1.3050 / 1.3000

free forex predictions for AUD-USD August 05, 2010

The pair remains within a ST bullish channel.

Prefer scenario : BUY positions @ 0.9120 with

TP 1 : 0.9160

TP 2 : 0.9170

TP 3 : 0.9185

Alternative scenario : Below 0.9105 look for further downside with 0.9070 / 0.9020

free forex predictions for USD-JPY August 05, 2010

The pair has broken above its bearish channel upper boundary and remains on the upside.

Prefer scenario : BUY positions @ 85.90 with

TP 1 : 86.20

TP 2 : 86.30

TP 3 : 86.40

Alternative scenario : The downside penetration of 85.80 will call for a slide towards 85.55 / 85.30

Free forex predictions for GBP-USD August 04, 2010

The pair stands above its new support and remains well directed.

Prefer scenario : BUY positions @ 1.5890 with

TP 1 : 1.5930

TP 2 : 1.5950

TP 3 : 1.5960

Alternative scenario: The downside penetration of 1.5860 will call for 1.5800 / 1.5720

free forex predictions for EUR-USD August 04, 2010

The pair stands within a bullish channel but should face a pull back on its new support ahead of a rebound.

Prefer scenario : BUY positions @ 1.3165 with

TP 1 : 1.3190

TP 2 : 1.3205

TP 3 : 1.3230

Alternative scenario: The downside penetration of 1.3150 will call for 1.3100 / 1.3050

free forex predictions for AUD-USD August 04, 2010

The RSI is mixed with a bullish bias.

Prefer scenario : BUY positions @ 0.9090 with

TP 1 : 0.9130

TP 2 : 0.9150

TP 3 : 0.9165

Alternative scenario : Below 0.9070 look for further downside with 0.9020 / 0.9000

free forex predictions for USD-JPY August 04, 2010

The RSI is capped by a declining trend line, the pair remains within a bearish channel.

Prefer scenario : SELL positions @ 85.60 with

TP 1 : 85.45

TP 2 : 85.35

TP 3 : 85.20

Alternative scenario : The upside breakout of 85.75 will open the way to 86.05 / 86.30

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