Open trading account 
The EUR/USD is Bearish and it may be moving towards 1.37 - 1.35. The July 2008 high and May 2011 high downtrend resistance (trendline) have been tested and not breached therefore look for a further decline of the EUR/USD to lows of october 2008 (1.23).
Should the instrument fail to be supported at the 1.23, expect a move downwards towards 1.16-1.10 or lower (long term 18 months +).
The GBP/USD is Bullish; The 2005 low (1.70 support) could be retested and if breached look for a further increase of the GBP/USD to 1.80. Should the instrument fail to be resisted at 1.70 (NOV 2005), expect a move upwards towards 1.84 Sep 2005 highs, long term 18 months + trade.
The USD/JPY is Bearish Going to 89-86. After the recent test of the 2005 support, the USD/JPY is moving lower towards 89. The USD/JPY could move lower to 80 if the 89 level does not support the USD/JPY. Long term the USD is buillish however a bearish correction is happening soon (3-6months)
Should the instrument fail to be supported at the 1.23, expect a move downwards towards 1.16-1.10 or lower (long term 18 months +).
The GBP/USD is Bullish; The 2005 low (1.70 support) could be retested and if breached look for a further increase of the GBP/USD to 1.80. Should the instrument fail to be resisted at 1.70 (NOV 2005), expect a move upwards towards 1.84 Sep 2005 highs, long term 18 months + trade.
The USD/JPY is Bearish Going to 89-86. After the recent test of the 2005 support, the USD/JPY is moving lower towards 89. The USD/JPY could move lower to 80 if the 89 level does not support the USD/JPY. Long term the USD is buillish however a bearish correction is happening soon (3-6months)
