Majors Daily Forecast 19 April 2012

Trading range: 1.3140 - 1.3040

Trend: Downward

Sell at 1.3127 SL 1.3159 TP 1.3050

USD/JPY

Trading range: 81.20 - 82.15

Trend: Upward

Buy at 81.33 SL 81.01 TP 82.05

GBP/USD

Trading range: 1.6000 - 1.6115

Trend: Upward

Buy at 1.6014 SL 1.5982 TP 1.6102

USD/CHF

Trading range: 0.9145 - 0.9255

Trend: Upward

Buy at 0.9158 SL 0.9126 TP 0.9242

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

08:00 Italy Industrial orders February -1.4% -7.4%

08:00 Italy Industrial orders February Y/Y -6.0% -5.6%

12:30 USA Jobless claims week to 14.04 376K 380K

14:00 USA Existing home sales March, mln 4.64 4.59

14:00 USA Philadelphia Fed index April 10.2 12.5

14:00 USA Leading indicators March 0.2% 0.7%

20:30 USA M2 money supply 09.04, bln - +21.9

23:50 Japan Tertiary activity index March 0.6% -1.7%

*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 +82, total yesterday +77 pips, as shown at our web site.