Majors Daily Forecast 8 February 2012

Trading range: 1.3230 - 1.3330

Trend: Upward

Buy at 1.3241 SL 1.3209 TP 1.3318

USD/JPY

Trading range: 76.90 - 77.85

Trend: Upward

Buy at 77.00 SL 76.68 TP 77.72

GBP/USD

Trading range: 1.5875 - 1.5990

Trend: Upward

Buy at 1.5889 SL 1.5857 TP 1.5977

USD/CHF

Trading range: 0.9145 - 0.9040

Trend: Downward

Sell at 0.9132 SL 0.9164 TP 0.9048

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

07:00 Germany Current account December unadjusted, bln 15.2 14.3

07:00 Germany Trade balance December unadjusted, bln 14.4 16.2

23:50 Japan Machinery orders core December adjusted -5.0% 14.8%

23:50 Japan Machinery orders core December unadjusted Y/Y 8.5% 12.5%

*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 +85, total yesterday +103 pips, as shown at our web site.