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August 13, 2008-American Session Update-13:00 GMT

August 13th, 2008

Intraday charts on EURUSD, USDCHF, AUDUSD, and USDCAD have all turned consolidative and unlikely to confirm intraday trade opportunties. GBPUSD is very offered but already moved well beyond it’s average daily range as our system confirmed selling GBPUSD at 1.8748 at 13:00 GMT, but the risk:reward ratios on the pair do not meet our criteria, therefore, we were unable to send an alert and execute this trade. We are seeing some potential JPY buying and will look for EURJPY, AUDJPY and CHFJPY selling opportunities during the session ahead, so we will look for confirmation to sell one of these pairs.

More updates later.

Forex Signals Plus, RW

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