[fxinvestindo]

GBP/USD Mid-Day Outlook 7 Maret 2012

Daily Pivots: (S1) 1.5805; (P) 1.5840; (R1) 1.5899;

GBP / USD 's fall from the price of 1.5991 and the lowest price reached 1.5749 so far in early U.S. session today. The daily bias is the downside for the price 1.5648 support, a breakdown of the price would indicate that the rebound of the price of 1.5234 has completed with three waves in the price of 1.5991 . Also, note that for the price of 1.6165 resistance has not been touched, there is no confirmation of completion of the reduction of the price of 1.6746 . Breakdown of the price of 1.5648 will indicate continued decline in the price of 1.5234 . Conditions upside, above the price of 1.5881 to change bias to neutral (side way).




EUR/USD Mid-Day Outlook 7 Maret 2012

Daily Pivots: (S1) 1.3171; (P) 1.3206 (R1) 1.3252;

EUR / USD 's fall from the price of 1.3486 and the lowest price reached 1.3120 so far in the U.S. session yesterday. Overall rebound of the price of 1.2625 has completed with three waves up in price1.3486 . The daily bias is the downside for the price 1.2974 support. EUR / USD still maintains the pattern of decline in the price below 1.4939 . Below the price of 1.2974 indicates that the reduction of the price 1.4939 will continue under the price of 1.2625 . Conditions upside, above the price of 1.3241 resistance will change the bias to neutral.



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