Daily Prediction for June 14, 2011

GBPUSD is likely to rise towards 1.6410, then maybe will fall towards 1.6281. Beware of fundamental news release today especially UK CPI, US Retail Sales and US PPI

Pivot 1.6326

Resistance 1.6437 - 1.6500 - 1.6611

Support 1.6263 - 1.6152 - 1.6089

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EURUSD is likely to rise towards 1.4517

Pivot 1.4385

Resistance 1.4452 - 1.4492 - 1.4561

Support 1.4341 - 1.4276 - 1.4234

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