Majors Daily Forecast 8 May 2012

Trading range: 1.3050 - 1.2950

Trend: Downward

Sell at 1.3039 SL 1.3071 TP 1.2962

USD/JPY

Trading range: 80.15 - 79.20

Trend: Downward

Sell at 80.02 SL 80.34 TP 79.30

GBP/USD

Trading range: 1.6195 - 1.6085

Trend: Downward

Sell at 1.6183 SL 1.6215 TP 1.6095

USD/CHF

Trading range: 0.9200 - 0.9310

Trend: Upward

Buy at 0.9212 SL 0.9180 TP 0.9296

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

10:00 Germany Industrial production March seasonally adjusted 0.3% -1.3%

10:00 Germany Industrial production March not seasonally adjusted, workday adjusted Y/Y -1.2% - 1.0%

12:55 USA Redbook 05.05

*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 +31, total yesterday +61 pips, as shown at our web site.