Currency trading Cash Management

Control is a crucial point that reveals change between champions and nonwinners. It was proven that if 100 investors start dealing using a program with 60% successful possibilities, only 5 investors will be in profit at the end of the year. Despite the 60% successful possibilities 95% of investors will lose because of their poor cash management. Control is the most significant part of any dealing plan. Most of investors don't comprehend how essential it is.

GBPUSD: Deepening Remedial Weakness

GBPUSD: Having halted its nearer term recovery at 1.5239, which started from its 2010 low at 1.1875 to close lower the past week, further extension of that weakness is presently seen targeting the 1.4872 level, its July 01’10 low. A firm violation of there will push the pair further lower towards the 1.4768 level, its Jun 02’10 high. We expect a reversal of roles to occur at this level thus turning GBP back up again. Conversely, to reverse its present weakness, a violation of its July 08’10 high at 1.5239 will have to occur to create scope for more upside towards its falling trendline presently located at the 1.5311 level. This level is expected to present a considerable resistance on an initial test and turn the pair back down. However, on further gains beyond that level, strength should build up towards its psycho level at 1.5400 and then its April 15’10 high at 1.5521. Overall, though presently undergoing correction, as long as the pair holds above the 1.4768 level, its nearer term uptrend triggered from the 1.1875 level remains valid.

Specialized Research Daily: USD/JPY

USD/JPY 88.74

USD/JPY Start 88.65 High 89.13 Low 88.37 Close 88.56

On Saturday Dollar/Yen ongoing improving a little bit, related the good Interbank feeling at nearly +20%. The forex several increased from 88.37 to 88.74 on Saturday, ending the weeks time at 88.56. These days climbing ongoing up to 89.13, from which point the several began deeply modification. On the 1 and 3 time index charts the down route is now damaged up-wards. Separate above modern top and closest level of resistance 89.13 would assistance further restoration of the Money. Immediate assistance is Friday's base at 88.37, and constant break bellow it could enhance the Yen further down towards next focus on 87.50. There are no significant financial activities for Asia today. Quotations are going bellow the 20 and above the 50 EMA on the 1 time data, showing sleek temporary bearish market. The value of the RSI sign is good and decreasing, MACD is good and combining, while CCI has just surpassed down the 100 line on the 1 time data, providing overall light brief alerts.

Technical level of resistance levels: 89.13 90.00 90.83

Technical assistance levels: 88.37 87.50 86.48

Trading range: 88.85 - 88.25