Wednesday, May 25, 2011

Daily prediction for May 25, 2011

GBPUSD
Pivot : 1.6148
R1 1.6238, R2 1.6298, R3 1.6389
S1 1.6087, S2 1.5996, S3 1.5936
Major trend : Bearish

GBPUSD will likely go down towards the 1.6097 level, but if it fails to penetrate the pivot point, then it is likely to rise towards 1.6230


EURUSD
Pivot : 1.4076
R1 1.4152, R2 1.4206, R3 1.4282
S1 1.4022, S2 1.3946, S3 1.3892
Major trend : Bearish

EURUSD is likely to fall towards the 1.3972 level, then probably will go up until 1.4098


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