Majors Daily Forecast 14 May 2012

Trading range: 1.2910 - 1.2810

Trend: Downward

Sell at 1.2897 SL 1.2929 TP 1.2820

USD/JPY

Trading range: 79.85 - 80.80

Trend: Upward

Buy at 79.95 SL 79.63 TP 80.67

GBP/USD

Trading range: 1.6080 - 1.5970

Trend: Downward

Sell at 1.6070 SL 1.6102 TP 1.5982

USD/CHF

Trading range: 0.9300 - 0.9410

Trend: Upward

Buy at 0.9312 SL 0.9280 TP 0.9396

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

09:00 Italy CPI April final 0.5% 0.5%

09:00 Italy CPI April final Y/Y 3.3% 3.3%

09:00 Italy HICP April final Y/Y 3.8% 3.8%

09:00 EU17 Industrial production March 0.3% 0.5%

09:00 EU17 Industrial production March Y/Y - -1.8%

*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 +43, total on Friday +81 pips, as shown at our web site.