Daily Forex Analysis and Prediction for June 4, 2009

EUR/USD
It is more likely to go up to around 1.4250 or higher, and before it is go up, it have a potential to go down first to around 1.4060. BUT if it is still continue to go down and break 1.3950 it will bearish. We suggest to wait and see until it reach the bottom price (usually after news), and then entry Buy. Because overall the structure actually is still Bullish. For alternative, you can use a breakout strategy too.
(Current Price: 1.4180)

GBP/USD
It is more likely to go up to around 1.6450 or higher, but before it is go up, it have a potential to go down first to around 1.6150.
(Current Price: 1.6305)

AUD/USD
We don’t have any recommendation for today, but we see that AUD/USD will move like EUR/USD. Better not to trade in AUD/USD for today.
(Current Price: 0.8010)

USD/JPY
It is more likely to go up to to around 96.50 or higher. But USD/JPY have a potential to move zig zag too. Better not to trade for today.
(Current Price: 96.08)

USD/CHF
It is more likely to go down to around 1.0620, and before it is go down, it have a potential to go up first to around 1.0750, BUT if it is still go up and break 1.0830 it will bullish. The movement of USD/CHF is looks like the opposite of EUR/USD.
(Current Price: 1.0684)



Today is contains a lot of news, so please more carefully with them

Beware from today news: (time is using GMT+7 / Indonesia - Jakarta Time)
(see your time convertion at www.timeanddate.com)

15:00pm GBP
16:00pm EUR
18:00pm GBP (becareful of its interest rate statement news)
18:45pm EUR (becareful of its interest rate statement news)
19:05pm USD
19:30pm USD, EUR
19:45pm USD

All the technical analysis can be affected by the news report (fundamental)