May 23, 2011

Daily Currency Forecast and Signal for May 24, 2011



It is more likely to up to around 1.4000 and maybe lower to 1.3985, after that it will go high to around 1.4075, or higher to 1.4100. Watch my tweets for hourly tips and signals. And always know that you make decisions on your own risk.

I recommend to wait for the news on German Flash Services PMI(7:28 GMT:London), German Flash Manufacturing PMI(7:28), Flash Services PMI(7:58), Flash Composite PMI(7:58) and Flash Manufacturing PMI(7:58)

(Current Price: 1.4035)


For today $GBPUSD is showing bearish mood at first hours, and if it breaks the resistance on 1.6100, it is more likely to go down to around 1.6060 and lower, and after that it have potential to go up to around 1.6165 and if it breaks this resistance it will go high to around 1.6200. If $GBPUSD can’t break resistance it will go down to 1.6100 and lower. For hot signals and my personal orders during the day on $GBPUSD follow my twitter account.

Follow jackforex on Twitter

(Current Price: 1.6102)

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Have a nice day! Follow me on twitter for real-time updates and forex signals


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