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Intraday forecast 17. Jan. 2012
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EUR/USD bullish
Above 1.2677 look for further upside with 1.2793 & 1.2878 as targets.
Short positions below 1.2654 with targets @ 1.2616, & 1.2593 in extension.
USD/JPY bearish
Long positions above 76.81 with targets @ 76.90, look for further upside with 76.96.
Below 76.72 look for further downside to the 76.66 area, look for further downside with 76.57.
GBP/USD bullish
Above 1.5342 look for further upside with 1.5481 & 1.5662 in extension.
Short positions below 1.5315 with targets @ 1.5271 & 1.5244 in extension.
USD/CHF bearish
Long positions above 0.9576 with targets @ 0.9588 & 0.9607 in extension.
Below 0.9557 look for further downside with 0.9466 & 0.9414 in extension.
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