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Sunday, July 17, 2005

Forex forecast GBP/USD for 15th July 2005

The 24-hrs forecast based trend chart gives the expected trend for day during the three different sessions -Japanese, European and US.

Intra-day forecast (GBP / USD - 15th Jul)
USD will become strong against other majors. GBP/USD will gradually become weak - Long term downward phase.
Early trading Hrs, GBP/USD will be weak and volatility expected, will become very weak during late GMT trading Hrs. GBP/USD shows support at 1.7356 closing will be very weak.

spot- trade- clues
Sell GBP/USD during 01:00-02:00 GMT trading Hrs above 1.7591 level and buy GBP/USD during 18:00-19:00 GMT trading Hrs below 1.7356 level

Trade Signal - Trend and Timings
Trend for the day: Swings till 12:30 GMT and downward till day end with intermediary swing of 40-50 Pips
Buy/Sell Time level/limit Stop Sell 01:30 PM 22-26 pips above Buy 07:30 PM Sell 09:00 PM 22-26 pips above Buy 15:00 PM Sell 15:00 PM 22-26 pips above Buy 23:00 PM Time - GMT Hrs , PM- Prevailing Market


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