by Johan Kriek (jkriek@fxinstructor.com)

Key events today:

UK Unemployment @ 9:30 GMT

BoE Inflation Report @ 10:30 GMT

Probability Studies:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.4975

Bearish Probability below: 1.4975

Significant support: 1.4975

Significant resistance:1.5019

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.6688

Bearish Probability below: 1.6688

Significant support: 1.6688

Significant resistance:1.7034

Direction of  Highest Probability: BEARISH

60 minute trend resistance: na

Bullish Probability above: 0.9322

Significant resistance: 0.9322

Significant support:0.9261 (wait for this support to b violated before bearish TC confirmed)

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 90.46

Bullish Probability above: 90.46

Significant resistance: 89.78, 90.46

Significant support:88.00

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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