Prediction Forex Today Wednesday March 4, 2009

Wednesday March 4, 2009

EUR-USD
Downtrend is still intact.It should continue to fall to 1.2541 or 1.2496 if resistance at 1.2586 area doesnt break . Direct rise above 1.2586 could turn the picture bullish for a corrective up move to 1.2619 or even 1.2652 limit .

USD-CHF
It should trade lower to 1.1697. Resistances are at 1.1773 and 1.1802. A break of 1.1800 is bullish.

USD-JPY
A corrective/consolidation activity between 97.25 and 99.51 is likely for a while.

GBP-USD
Current fall is near an end of wave around 1.3909 - 1.401 zone, a rally should then procede to above 1.4104 or 1.4144. Fall below 1.3889 would cancel this scenario.