Daily i-Forex Report by http://www.epicresearch.co 29th January 2013

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Indore, IN (prHWY.com) January 29, 2013 - HEADLINE
 Forex News: France FinMin Moscovici
Says 75% Tax Is Still Necessary

 Forex: Dollar Closes Week at Six
Month High, FOMC and GDP Ahead

 Forex Analysis: EUR/JPY Potentially
Repeating Pattern from 12 Years Ago

Forex Analysis: British Pound Sinks as Carney Hints at More Easing
The British Pound broadly underperformed in overnight trade, down against its top counterparts. The selloff followed comments from incoming Bank of England Governor Mark Carney, who is due to replace the current BOE chief Mervyn King in July. Carney said central banks have not "maxed out" the possibilities for further stimulus and may do more, stressing the need to achieve "escape velocity" as developed economies struggle to pick up pace in the aftermath of the Great Recession. The remarks hinted that Carney will pursue further accommodation when he takes the reins at Threadneedle Street.

 TRADING TIPS

 Buy EURUSD above
1.3430 tgs
1.3415/1.3400
sl 1.3450


 SELL GBPUSD BELOW

1.5700 tgt
1.5685/1.5670
SL 1.57.25


 BUY EURGBP ABOVE

.8565 tgt
.8579/.8593
SL .8545

ANALYSIS
HOURLY EURUSD CHART
OPEN: 1.3465
HIGH: 1.3470
LOW: 1.3425
CLOSE: 1.3448
* EURUSD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD =>. -0005(BEARISH SIGNAL)
* RSI => 45.06(BEARISH SIGNAL)




ANALYSIS

HOURLY USDJPY CHART
OPEN: 91.18
HIGH: 91.18
LOW: 90.56
CLOSE: 90.76
* USDJPY LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DIPS
* MACD => 0000( BULLISH SIGNAL)
* RSI =>52(BULLISH SIGNAL)


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