Daily i-Forex Report by www.epicresearch.co 21st February 2013

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indore, India (prHWY.com) February 20, 2013 - HEADLINE

 British Pound Faces Heavy Event Risk After Massive Decline
 Forex: Japan All Industry Activity Index Impresses But Yen Unchanged
 Forex News: USD/JPY Little Changed on Larger Trade Deficit

Forex: GBP/JPY a High Risk Pair Between BoJ and UK Data

Volatility picked up this past session in the Forex market, but it wasn't the kind of move that secures a serious trend. Looking ahead to the coming session, there is certainly a high risk for heavier activity levels - with the possibility of a dramatic and market-wide trend always a palpable possibility. Given the concentration of stimulus expectations and key event risk for the UK, GBPJPY is at the top of the list for potential market-movers. However, we should also watch the Kiwi dollar after surprise comments from the RBNZ Governor and EURUSD as it makes its move back above 1.3400. We talk about these and other pairs in

 TRADING TIPS

* BUY EURUSD

BELOW 1.3434
tgs 1.3454/1.3474
sl 1.3404





* BUY USDJPY

BELOW 93.14
tgt 93.00/92.85
SL 93.34


* SELL GBPUSD

BELOW 1.5295
tgt 1.5275/1.5255
SL 1.5315


ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3395
HIGH: 1.3434
LOW: 1.3387
CLOSE: 1.3397

* EURUSD LOOKS UPWARD
* TREND : BEARISH
* STRATEGY: BUY ON DEEPS
* MACD =>. 0000(BEARISH SIGNAL)
* RSI =>50(BEARISH SIGNAL)




ANALYSIS

HOURLY USDJPY CHART

OPEN: 93.71
HIGH: 93.77
LOW: 93.14
CLOSE: 93.58



* USDJPY LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => 0.04(BEARISH SIGNAL)
* RSI =>52(BEARISH SIGNAL)


ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5427
HIGH: 1.5451
LOW: 1.5295
CLOSE: 1.5309

* GBPUSD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => -0002(BEARISH SIGNAL)
* RSI => 20(BEARISH SIGNAL)


HOURLY EURGBP CHART
OPEN: 0.8682
HIGH: 0.8765
LOW: 0.8682
CLOSE: 0.8749


* EURGBP LOOKS UPWARDS
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>.0006(BULLISH SIGNAL)
* RSI =>81(BULLISH SIGNAL)



HOURLY USDINDEX CHART

OPEN: 80.4300
HIGH: 80.5280
LOW: 80.2710
CLOSE: 80.5190

* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.071(BULLISH SIGNAL)
* RSI =>53(BULLISH SIGNAL)

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