Weekly Signal : 7 May - 11 May 2012

Forexhehe Weekly Signal

GBPUSD:

Buy at : no signal at the moment.
Sell at : 1.6082, take profit 10-12pips (hit +12pips)

EURUSD:

Buy at : 1.3286, take profit 10-11pips (cancel order)
Sell at : no signal at the moment.

EURJPY:

Buy at : 105.92, take profit 10-11pips. (cancel order)
Sell at :  no signal at the moment.



7 May : Big monday gap appeared, EURUSD n EURJPY should go up. The H4 also showed there are in oversold area. Perhaps EURUSD can touch 1.3010 this week. (EURUSD hit 1.3010)

8 May : We have annual budget release for the Aussie, so watch out on AUDUSD today.

10 May :GBPUSD yerterday low becomes a new major support line, breaking 1.6064 would make price going down further maybe towards 1.6040. (break 6064, hit my tp 10pips)

11 May :GBPUSD has upside momentum, should touch 1.6145. If Gold touches 1575.00 line we can buy and get some profits there. (GBPUSD on target)

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