GBPUSD Update

A strong descending triangle is appearing in 15m charts. Sell GBPUSD at 1.9500 SL above 1.9550 Tgt 1.9400

USDJPY Update

Look for a flip in the 111.40-111.70 region and bounce back to 107.50 region in near term. Either wait till USDJPY hits 111.50 mark and go short or take a near term long position @CMP, SL below 108.75 (preferably 108.60), for a target of 111.50.

Happy trading!!!

First Signal for 2008

Buy EURUSD around 1.4540, Stop loss at 1.4530, Target 1.4750 *

* Our analysis are purely technical so keep a close watch on fundamentals and news pertaining to these currencies.