Majors Daily Forecast 23 April 2012

Trading range: 1.3210 - 1.3110

Trend: Downward

Sell at 1.3198 SL 1.3230 TP 1.3121

USD/JPY

Trading range: 81.55 - 80.60

Trend: Downward

Sell at 81.41 SL 81.73 TP 80.69

GBP/USD

Trading range: 1.6140 - 1.6030

Trend: Downward

Sell at 1.6128 SL 1.6160 TP 1.6040

USD/CHF

Trading range: 0.9090 - 0.9200

Trend: Upward

Buy at 0.9103 SL 0.9071 TP 0.9187

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

05:00 Japan Leading indicators composite index February final - 96.6

05:00 Japan Coincident indicators composite index February final - 93.7

06:45 France Business confidence April 96 96

07:00 France PMI April flash 47.2 46.7

07:00 France PMI services April flash 50.2 50.1

07:30 Germany PMI April flash 48.9 48.4

07:30 Germany PMI services April flash 52.4 52.1

08:00 EU17 PMI April flash 48.1 47.7

08:00 EU17 PMI services April flash 49.3 49.2

08:00 Italy Consumer confidence April 96.0 96.8

*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 +28, total on Friday +123 pips, as shown at our web site.