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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Tuesday, January 31, 2012

PIVOT POINTS (31-JAN-2012)

GBP/USD      EUR/USD     AUS/USD     JPY/USD        GOLD          
R2=5765       R2=3270          R2=691       R2=77.00    R2=1749.65  
R1=5734       R1=3203          R1=638       R1=76.68    R1=1739.60  
PP=5693       PP=3142          PP=581      PP=76.44    PP=1717.79  
S1=5662       S1=3075          S1=528       S1=76.12    S1=1717.79  
S2=5621       S2=3014          S2=471       S2=75.88    S2=1706.03  

    S&P             EURO/GBP
R2=1326.46     R2=8420
R1=1320.53     R1=8391 
PP=1310.66     PP=8370
S1=1304.73     S1=8341
S2=1294.86     S2=8320

By
M.Zohaib Gadit
Forex Trading Consultant

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