Majors Daily Forecast 21 August 2012

EUR/USD
Trading range: 1.2340 - 1.2440
Trend: Upward
Buy at 1.2352 SL 1.2320 TP 1.2429

USD/JPY
Trading range: 79.50 - 78.60
Trend: Downward
Sell at 79.39 SL 79.71 TP 78.67

GBP/USD
Trading range: 1.5705 - 1.5815
Trend: Upward
Buy at 1.5716 SL 1.5684 TP 1.5804

USD/CHF
Trading range: 0.9735 - 0.9630
Trend: Downward
Sell at 0.9724 SL 0.9756 TP 0.9640

Today's Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

04:30 Japan All industry index June 0.2% -0.3%
08:30 UK PSNB July, bln - 12.1
08:30 UK PSNBX July, bln -1.9 14.4
10:00 UK CBI industrial order books balance August -9% -6%
12:55 USA Redbook 18.08
18:00 USA FOMC meeting minutes 01.08
23:50 Japan Trade balance July unadjusted, trln -0.260 0.062

*Please note that the daily forecast is sent on time to subscribers only, who receive also updates, evening forecast, news and real time trading signals, from which we have made today so far +67, total yesterday +61 pips, as shown at our web site.