Christmas and New Year Holiday
To all members and all my blog readers,
due to the upcoming Christmas and New Year Holidays we would like to inform you about our market open times.
Christmas holidays from December 24th 2007 15:00 GMT(Kuala Lumpur: 23.00) - till December 26th 2007 05:00 GMT(Kuala Lumpur: 13.00).
New Year celebration holidays - from December 31th 2007 15:00 GMT(Kuala Lumpur: 23.00) till January 2nd 2008 05:00 GMT(Kuala Lumpur: 13.00).
FXcast and Indo Forex Info sends you all the best wishes for a Merry Christmas and a Happy New Year. We hope you will be trading successfully and be satisfied with our service and support in 2008.
Your FXcast Team & Indo Forex Info
FXcast
support@fxcast.com
jamesforex.
Important Economic Calendar please scroll down.
Resulted for USDJPY - Profit 80 pips.
Technical Chart Analysis
GBPUSD
Last High = 2.1171. Low = 2.0870. Close = 2.0903.
Today Pivot Point
3rd Resistance = 2.1393.
2nd Resistance = 2.1282.
1st Resistance = 2.1092.
Pivot = 2.0981.
1st Support = 2.0791.
2nd Support = 2.0680.
3rd Support = 2.0490.
Strategy
Direction = down.
Sell around 2.0875 with 1st profit target at 2.0800, then set trailing stop 30 pips if below 2.0750.Stop above 2.0915.
FXCAST - Your Prime Online Forex Broker.FXCAST - start trading with 1 dollar
Today US market holiday.
Important Economic Calendar - from Forex Factory.
Japan
6.50 am(Jakarta Time) - CGPI (y/y)
Forecast = 2.2%. Previous = 1.7%.
6.50 am - Current Account
Forecast = 2.10T. Previous = 2.19T.
12.00 pm - Household Confidence
Forecast = . Previous = 44.1.
UK
4.30 pm - PPI(Producer Price Index) Input(m/m)
Forecast = 1.5%. Previous = 3.2%.
4.30 pm = PPI Output(m/m).
Forecast = 0.2%. Previous = 0.1%.
Technical Chart Analysis.
USDJPY
Last High = 112.86. Low = 110.49. Close = 110.69.
Today Pivot Point
3rd Resistance = 114.57.
2nd Resistance = 113.71.
1st Resistance = 112.20.
Pivot = 111.34.
1st Support = 109.83.
2nd Support = 108.97.
3rd Support = 107.46.
Strategy
Direction = Down
Sell around Pivot or Trendline Resistance with profit target today support 1. Stop 111.40
See chart below:
FXCAST - Your Prime Online Forex Broker.FXCAST - start trading with 1 dollar
Legal Disclaimer and risk disclosure.
The forex forecast and advices generated are based on my trading analysis and are given for the traders to use as additional inputs in their decision-making and trading and I should not be held responsible for any loss incurred by the subscriber. The traders are advised to understand all the risk involved in forex trading and take decisions accordingly.Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
