| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Daily Forecast for Crosses: August 30
EURJPY Forecast
The EURJPY had another insignificant movement yesterday. A quick look at daily/weekly chart easily reveals that price has been moving sideways in the last two weeks. However, as long as stays inside the bullish channel my overall intraday bias remains to the upside with 100.00 as nearest target. Immediate support is seen around 98.30 – 97.80.
GBPJPY Forecast
The GBPJPY had a moderate bullish momentum yesterday and now traded around 124.50. The bias is bullish in nearest term testing 125.00/50 resistance area. Immediate support is seen around 124.00. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 123.20 I still prefer to buy on dips as a part of the bullish scenario after break above the bearish channel.
AUDUSD Forecast
The AUDUSD continued its bearish momentum yesterday and hit 1.0316 earlier today. The bias remains bearish in nearest term testing 1.0200 as a part of the bearish reversal scenario after the break below the bullish channel as you can see on my daily chart below. Immediate resistance remains around 1.0400. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.
©2012 FX Instructor Forex Blog – For Traders, By Traders. All Rights Reserved.
.
2012-08-30 00:46:03
Source: http://www.fxinstructor.com/blog/daily-forecast-for-crosses-august-30-3
Source:
