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Old 08-04-2008, 10:19 AM
masterpips masterpips is offline
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Join Date: Jul 2008
Posts: 40
Default Daily Analysis on 4th August 2008

Hello All

GBP/USD

Analysis

based on 4h chart, we can see that it already break the 61.8 fibonaci level and it shown continuation signal, so I think it will go down to test 100 fibonaci level.

Forecast:

Day trading : Down

Recommendation:

Day trading : Sell, TP: 1.9590, 1.9470, 1.9420 SL: 1.9720

EUR/JPY

Analysis

based on 4h chart, we can see that it already rebound from the 38.2 fibonaci level and it shown continuation signal, so I think it will go upto test 0.0 fibonaci level.

Forecast:

Day trading : Up

Recommendation:

Day trading : Buy, TP: 169.00, 169.70, 169.90, SL: 167.00

For further question and assistance, please contact me on masterpips44@yahoo.co.id

For detail, please visit my blog: Forex Signal and Analysis
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