by Johan Kriek (jkriek@fxinstructor.com)

Key events:

BoE Interest Rate announcement @ 12:00 GMT

US Trade Balance @ 13:30 GMT

US Jobless Claims @ 13:30 GMT

*The UK rate announcement will be a significant fundamental, so beware as it could have a “probability changing effect”

Probability Studies

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4790

Bullish Probability above: 1.4860

Significant resistance: 1.4790, 1.4860

Significant support:1.4625

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6440

Bullish Probability above: 1.6440

Significant resistance: 1.6440, 1.6576

Significant support:1.6200

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9190

Bullish Probability above: 0.9190

Significant resistance: 0.9190, 0.9277

Significant support:0.9050

Direction of  Highest Probability: BULLISH

60 minute trend support: 87.90

Bearish Probability below: 87.36

Significant support: 87.36

Significant resistance:90.00

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This analysis has been based on the Probability Study Technique which is derived from the Dow Theory

Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within.

For more about the Probability Study Technique, please visit forums.fxinstructor.com or register yourself a seat at

http://www.fxinstructor.com/eng/courses/probability.php to learn this technique or to book a free Level 1 class

Enjoy and good luck!

Johan