Forex Analysis for 8th January 2015

Today is another day with just a few data, just the UK interest rate is important, and no one awaits a surprise here, and in the evening the Australian retail sales and the Chinese CPI will be published.

EUR/USD

Yesterday the euro was struggeling with the mark of 1,18 USD till the FOMC minutes were published. Today no data is comming, so the will be more a sidewards than an up or down movement, except there are unexpected news.

Long: > 1.1863
S/L: 20 Pips
TP: 35 Pips
Trailing Stop: 20 Pips

Short: < 1.1790
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 25 Pips

GBP/USD

The pair was on a sidewards movement ysterday, and if there's no big suprise in the interest rate, it will continue this way today.

Long: > 1.5137
S/L: 20 Pips
TP: 30Pips
Trailing Stop: 20 Pips

Short: < 1.5080
S/L: 20 Pips
TP: 35 Pips
Trailing Stop: 20 Pips

USD/JPY

Yesterday the USD rose against the JPY, and was stoped by the FOMC minutes, but at the and it was a bit up again, and it scan continue this way today.

Long: > 119.72
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 25 Pips

Short: < 118.71
S/L: 20 Pips
TP: 30 Pips
Trailing Stop: 20 Pips

The data for entry, S/L and TP are shown as a guide only and that is probably conservative. They can be adapted to the current market behavior and your own trading style. Also be reminded at the possibility to take part of the benefits in a positive trade.

Risk disclaimer:
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.