Technical analysis for the week commencing Mon 03.12.12

EUR/USD: 

Analysis: The pair is expected to continue rising up to the level 1.31213 which is about 119 pips away from where it closed last week . However, I would recommend the long term trader to wait until the price closes above the level 1.31213 in which case the price may continue to keep rising to the level of 1.34661.

GBP/USD: 

Analysis: The pair is expected to continue rising up to the level 1.61504 which is about 125 pips away from the closing price of last week.

USD/JPY:

Analysis: The pair is expected to continue rising up to the level 84.116.

That's for the week. Please feel free to post your analysis of the same pairs or different ones for discussion and verification.

Introduction to Forex Analysis & Recommendations blog

This blog is specialized for sharing the technical analysis and recommendations of Forex professional traders. I came up with the idea of creating this blog because I think it is going to be very helpful and beneficial for all the people who trade in this market to verify their own technical analysis and to test the effectiveness of other peoples' analyses and strategies. In order to keep this blog active, I am going to post my personal analysis of the market charts on every Sunday for the period of the following trading week.

Please note that the posts placed on this blog represent the personal recommendations of their publishers ONLY and do not necessarily reflect an accurate description of the market's real behavior. So, please be very careful when applying or dealing with any of the analyses posted in this blog. Thank you.

Happy analyzing and trading!