Weekly Forecast (FX)

EUR/USD

Closing: 1.3682

Smaller time frame:
Immediate resistance: 1.3730, forecast market going up on Monday.
will create a double top, if support: 1.3641 can hold,
EUR/USD tend to consolidate and break higher.
TG: 1.3870
TG2: 1.4000

However, breaking below 1.3641 will go to:
S2: 1.3585
S3: 1.3460

Intraday Trading Plan on EUR/USD, 23-11-2010 (Mon)
Long Entry: 1.3630
SL 1.3590
TG 1.3760

GBP/USD

Closing: 1.5982

Weekly candle on GBP/USD suggested a reversal.
Daily candle shows that GBP/USD may still have some room to go higher before turning down.

Favour to pick short on GBP/USD near triple top 1.6190 (4 hour chart) for the week.
On Monday, forecast market to go up, support @ 1.5935.

Intraday Trading Plan on GBP/USD, 23-11-2010 (Mon)
Long Entry: 1.5949
SL: 1.5894
TG: 1.6090
TG2: 1.6190