Weekly Signal ! (23 May - 27 May 2011)

Forexhaha Weekly Signal :

GBPUSD :
Buy at : 1.6286, take profit 10-11pips, no stop loss. (hit +11pips)
Sell at : 1.6102, take profit 10-12pips, no stop loss. (hit +12pips)

EURUSD :
Buy at : 1.4207, take profit 10-11pips, no stop loss. (hit +11pips)
Sell at : no signal at the moment.


Update 23 May : Both EURUSD and GBPUSD still can move up, but in case GBPUSD going down just put sell order at 1.6163 (see friday lowest point). Take profit wisely. (hit +15pips)

Update 24 May : Both EURUSD and GBPUSD in oversold area, but there's a signal its still moving down. I think GBPUSD still can hit back 1.6070 area. (hit target +25pips)

Update 25 May : 1. GBPUSD in sideway pattern. If u look at TF 1 hour there's a long shadow
(lowest 1.6064) , thats a longterm signal GBPUSD will going to that area. But we cannot deny
GBPUSD can break yesterday's high (1.6204). (break 1.6204)

2. EURUSD has big chance to touch 1.4015. (hit target +35pips)

Update 26 May : Price moving up quickly this morning, and our weekly GBPUSD buy signal has close at 1.6297 (see signal above). Perhaps today EURUSD moving to 1.4207.

EURJPY has stucked in between of 117.20 and 114.70. Both valid for now. (hit 114.70), (hit 117.20 on 31st may)

Update 27 May : GBPUSD continuosly climb up, searching for resistance point at 1.6519.
As i mention in previous weeks (see 3 May), GBPUSD has slight signal up to 1.6650. But GBPUSD in neutral area again if it reaches 1.6269 today.

For EURUSD we focus on break out yesterday high and straight pass 1.4207. No stoploss, take profit 10-11pips. EURJPY has reached sell target, and now it has longterm signal 117.20. (EURUSD hit +11pips)

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