Majors Daily Forecast 20 April 2012

Trading range: 1.3115 - 1.3220

Trend: Upward

Buy at 1.3129 SL 1.3097 TP 1.3206

USD/JPY

Trading range: 81.35 - 82.35

Trend: Upward

Buy at 81.49 SL 81.17 TP 82.21

GBP/USD

Trading range: 1.6030 - 1.6145

Trend: Upward

Buy at 1.6043 SL 1.6011 TP 1.6131

USD/CHF

Trading range: 0.9165 - 0.9060

Trend: Downward

Sell at 0.9153 SL 0.9185 TP 0.9069

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

06:00 Germany PPI March 0.4% 0.4%

06:00 Germany PPI March Y/Y 3.2% 3.2%

08:00 Germany IFO business climate index April 109.0 109.8

08:30 UK Retail sales March 0.3% -0.8%

08:30 UK Retail sales March Y/Y 1.2% 1.0%

11:00 Canada CPI March 0.8% 0.4%

11:00 Canada CPI March Y/Y 2.5% 2.6%

11:00 Canada CPI core March - 0.4%

11:00 Canada CPI core March Y/Y 2.1% 2.3%

*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 +61, total yesterday +124 pips, as shown at our web site.