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Intraday forecast 16. Jan. 2012
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EUR/USD bearish
Above 1.2727 look for further upside with 1.2821 & 1.2881 as targets.
Short positions below 1.2633 with targets @ 1.2574, & 1.2482 in extension.
USD/JPY bullish
Long positions above 76.87 with targets @ 77.08, look for further upside with 77.21.
Below 76.74 look for further downside to the 76.66 area, look for further downside with 76.53.
GBP/USD bearish
Above 1.5285 look for further upside with 1.5427 & 1.5491 in extension.
Short positions below 1.5253 with targets @ 1.5211 & 1.5147 in extension.
USD/CHF bullish
Long positions above 0.9562 with targets @ 0.9601 & 0.9662 in extension.
Below 0.9437 look for further downside with 0.9397 & 0.9336 in extension.
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