Forex Analysis for 13th January 2015
Today is the third day with just a few important data to be published. the most important data today is the UK CPI. Well, yesterday we have seen some heavy swings, so let's see what the Tuesday brings.
EUR/USD
The euro is back above the 1,18 USD, but there are still the speculations about the bonds purchase program, and every statement about this could send the euro downwards.
Long: > 1.1852
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 25 Pips
Short: < 1.1809
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 25 Pips
GBP/USD
In the last days we've seen strong movements in the pair, and depending on the UK CPI today, this could continue.
Long: > 1.5196
S/L: 25 Pips
TP: 40Pips
Trailing Stop: 25 Pips
Short: < 1.5125
S/L: 22 Pips
TP: 35 Pips
Trailing Stop: 20 Pips
USD/JPY
Long: > 118.75
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 22 Pips
Short: < 117.93
S/L: 22 Pips
TP: 35 Pips
Trailing Stop: 22 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.