Daily Technical Analysis for Thursday, May 16, 2013 - by ForexPeoples.Com | using Daily-TF chart.
EURUSD
because EURUSD was pullback from that so strong demand zone (near the strong demand zone 1.2840) for me - this look good for buy but with use max. sl bellow 1.2840.
GBPUSD
just be aware with bulls for this GBPUSD today. I see the bulls can start nice play if truly - the level price 1.5272 was could be breakout by strong buyer. let's see first for the price move.
USDJPY
this more to bearish. yes, if the USDJPY then can break down to bellow intraday low at 101.86 = that will be good time for sell - let's see first for that break down price to 101.86 for plan sell of course.
USDCHF
this still look to bearish. for me - if USDCHF then can move more down to bellow the intraday low 0.9642 = make a plan for sell is good act then. just it.
Regards.
EURUSD
because EURUSD was pullback from that so strong demand zone (near the strong demand zone 1.2840) for me - this look good for buy but with use max. sl bellow 1.2840.
GBPUSD
just be aware with bulls for this GBPUSD today. I see the bulls can start nice play if truly - the level price 1.5272 was could be breakout by strong buyer. let's see first for the price move.
USDJPY
this more to bearish. yes, if the USDJPY then can break down to bellow intraday low at 101.86 = that will be good time for sell - let's see first for that break down price to 101.86 for plan sell of course.
USDCHF
this still look to bearish. for me - if USDCHF then can move more down to bellow the intraday low 0.9642 = make a plan for sell is good act then. just it.
Regards.