Quick Update on FX

EUR/USD

Posted the 4th bullish candle on Day Chart, EUR was trading at 1.4406 against the USD, like what I forecasted on Sunday, EUR/USD is doing a temporary rebound.

Related: Weekly Forecast 2011-06-20

Resistance capped at 1.4370.

Today I still trade long: 1.4370, SL 1.4343 (-30 pips), TG 1.4470 (+97 pips)
* Extra spread of 3 pips for guaranteed SL.

GBP/USD

Like forecast, the rebound has taken place, 3 bullish candle formed, with long legs at bottom.

Resistance 1.6320.

Today I am trading long on GBP/USD: 1.6177, SL 1.6150 (- 30 pips), TG 1.6316 (+136 pips)
Extra spread of 3 pips for guaranteed SL.

News:
Today (Wednesday) on GBP - 4:30pm MPC Meeting Minutes,
and midnight after 12:30am (Thursday):
Thursday 12:30am US FOMC, Fed Fund Rate ***
Thursday 2:15am US FOMC Press Conference ***