FX Forecast For Friday March 21, 2008

Banks around the world will be closed in observance of Good Friday.

US and Japanses banks will remain open.

Choppy trading is expected for all Forex sessions.

How they fared:-

EUR/USD
Change=Down 23 pips
Range=66 pips

USD/JPY
Change=Up 26 pips
Range=73 pips

GBP/USD
Change=Down 47 pips
Range=54 pips

USD/CHF
Change=Up 13 pips
Range=50 pips

USD/CAD
Change=Down 12 pips
Range=43 pips

AUD/USD
Change=Up 23 pips
Range=42 pips

EUR/JPY
Change=Up 44 pips
Range=115 pips

GBP/JPY
Change=Up 22 pips
Range=144 pips

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FX Forecast For Thursday March 20, 2008

EUR/USD
Down
S1=1.5407, S2=1.5277
Actual S=1.5396
R1=1.5786, R2=1.6044
Actual R=1.5647
Change=Down 241 pips
Range=256 pips

USD/JPY
Sideways
S1=97.62, S2=97.47
Actual S=98.45
R1=100.45, R2=101.23
Actual R=100.21
Change=Up 64 pips
Range=176 pips

GBP/USD
Down
S1=1.9720, S2=1.9360
Actual S=1.9736
R1=1.9910, R2=2.0271
Actual R=1.9881
Change=Up 15 pips
Range=145 pips

USD/CHF
Up
S1=0.9870, S2=0.9585
Actual S=0.9962
R1=1.0081, R2=1.0142
Actual R=1.0167
Change=Up 117 pips
Range=205 pips

USD/CAD
Up
S1=1.0137, S2=1.0014
Actual S=1.0113
R1=1.0198, R2=1.0378
Actual R=1.0294
Change=Up 131 pips
Range=181 pips

AUD/USD
Sideways
S1=0.9100, S2=0.8873
Actual S=0.8952
R1=0.9353, R2=0.9478
Actual R=0.9166
Change=Down 136 pips
Range=214 pips

EUR/JPY
Up
S1=153.81, S2=149.27
Actual S=151.70
R1=157.01, R2=161.38
Actual R=155.16
Change=Down 111 pips
Range=346 pips

GBP/JPY
Down
S1=192.60, S2=190.00
Actual S=195.08
R1=199.28, R2=203.47
Actual R=198.32
Change=Up 145 pips
Range=324 pips

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