Daily Forex Analysis and Prediction for July 22, 2009

EUR/USD
It is complicated. We predict that it is more likely to go up to around 1.4250 or even 1.43. But if it is still break under 1.4160 then it can become bearish. You can also use a breakout strategy.
(Current Price: 1.4191)

GBP/USD
It is more likely to go up to around 1.65, but before it goes up, please beware, because it might potentially to re-test or go down once again to around 1.6350.
(Current Price: 1.6406)

AUD/USD
It is more likely to go up to around 0.8250, and after that, it might have potentially to go down to around 0.8150.
(Current Price: 0.8160)

USD/JPY
It is more likely to move zig-zag today, and probably it will go down first to around 93.20, and then will go up to around 94.30.
(Current Price: 93.57)

USD/CHF
It is more likely to go up to around 1.07, after it goes down to around 1.0620.
(Current Price: 1.0684)

Don’t be too late, and always check the posting time/update.

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

13:45 EUR
15:30 GBP
16:00 EUR
17:00 GBP
21:00 USD