Daily Forex Analysis for May 12, 2009
(update: 10:10 am GMT+7)


EUR/USD
It is more likely to go up to higher than 1.3650 or even 1.37. But we suggest to wait until it is down first, and entry buy at around 1.3540. Target Profits to 1.3600 or even 1.3650. Stop Loss at 1.35.
(Current Price: 1.36)

GBP/USD
It is more likely to go up to 1.52 or even 1.53, But we suggest to to wait until it is down first, and entry buy at around 1.5040. Target Profits to 1.52 or may be higher. Stop Loss at 1.5.
(Current Price: 1.5106)

AUD/USD
It is more likely to go up to go to around 0.7650 or higher. Support at around 0.7530.
(Current Price: 0.7596)

USD/JPY
if it is down to around 95.60 or lower, it is possible to go up to around 97 or 98 area.
(Current Price: 97.34)

Enjoy !


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