Marenno Arturs Jermolickis Date: 22 January 2014Trading plan for Wednesday, 22 January 2014Today’s daily report and trading Ideas regarding GBP pairs, EUR and USD.Basic Upcoming News: Expected: Actual:GB 10:30 (GMT) Jobless Claims: Claimant Count Change: -33.8 -36.7 Unemployment Rate 7.3% 7.4%Previous impact (GBP/USD; GBP/CAD):


Main Levels:GBP USD:


Long term : UPMedium Term: RangeSignal: We are on the “Action” level for the moment at least. Strategy: Positive news will move price to the upper (Gray) level, Buy Stop 1.6520 Negative news will possibly move to the lower (Gray) level, Sell on confirmationStops: Not far from the current Grey Level
GBP CAD:Long term : Strong UPMedium Term: RangeSignal: We are moving down to the “Action” level for the moment at least. Strategy: Positive news will move price to the upper (Gray Oval) level, Buy at 1.79406 but only after confirmation Negative news will possibly move to the lower (Gray) level, Sell on confirmationStops: Not far from the current Grey Level and the lower one
Previous impact (EUR/USD; EUR/JPY):As you can see the news have moved the prices, but not straight away.We must wait for a confirmation, pattern/time filter is good to use.Main Levels:EUR USD:


Long term : Strong UPMedium Term: Range/DownSignal: We are moving down to the very strong support level. Very strong buy signal. Strategy: Positive news will move price to the upper (Grey Rectangle) level, Buy at 1.36567 Always have to think about confirmation patterns/filters Negative news will possibly move to the lower (Gray) level, Sell on confirmationStops: Not far from the current Grey Level and the lower oneEUR/JPY:


Long term : Strong UPMedium Term: Range/Down (Correction wave, wit can continue to go down, but as a history shows, this currency pair doesn’t have a deep corrections)Signal: The currency pair have already bounced up from the monthly support level, and with positive news int can continue to go up. Strategy: Positive news will move price to the upper (Grey rectangle) level, Buy at confirmation Always think about confirmation patterns/filters Negative news will possibly move to the lower (Grey) level, Sell on confirmationStops: Not far from the current Grey Level and the lower oneReferences:Some of the pictures, graphs and news are used from the sites:www.novinite.comwww.dukascopy.comwww.newsimpact.comwww.forexfactory.comInformation, comments or examples contained in this email arefor illustration and educational purposes only and should notbe considered as advice or a recommendation to purchase or sellany financial product. I cannot, and do not, provide any kindof financial advice.
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