FX Market Analysis - Updated

[GCAM]

This week we expect strength in the JPY and USD against the EUR and GBP currencies.
We are looking for a stronger rally in the JPY than in the USD, therefore we anticipate the USDJPY pair to sell off.
In addition, we expect the EUR to lose ground against the GBP.
So, watch for potential stabilization of the GBPUSD and weakness in the EURGBP.

For detailed trade recommendations visit: http://www.goldcoastam.com/report.php?a=rolclub

Sincerely,

Chris Brueck
Gold Coast Asset Management Inc.

[GCAM]

We are still looking at strength in the USD and JPY, with a slightly more bullish bias on the JPY.
We still expect continued stabilization in the GBP and distribution of the EUR against other currencies.
Our time frames and targets have been updated.

For detailed targets visit:
http://www.goldcoastam.com/report.php?a=rolclub

Sincerely,

Chris Brueck
Gold Coast Asset Management Inc.

[GCAM]

EUR/JPY - Follow Up
by Chris Brueck of Gold Coast Asset Management Inc.

As anticipated, EUR/JPY has confirmed it's trend reversal with a sustained break above
the Neckline of the Head and Shoulders Pattern that we pointed out last week. The
rally is strong and has even broken above our last resistance point of 127.00. Our
minimum target for this pair over the next couple weeks will be 130.00-15 area.

Gold Coast Asset Management is a leading investment manager for institutions, individuals and financial
intermediaries, worldwide. Investors from hundreds of countries around the world have access to large
insurance protection for their margin deposits.

For more information visit: www.GoldCoastAM.com

[GCAM]

For traders who missed opportunities to buy on the upside breakout,
the EURJPY is presenting another buying opportunity on its first correction
since the sustained break above the neckline.

%R indicator is in oversold territory and price action is stalling in
a support area 125.00-25 just above the neckline.

On the way up, watch for resistance around 127.75-128.00. A sustained
break above the resistance zone should push price action to our minimum
target of 130.00-15 in a short amount of time.

Gold Coast Asset Management is a leading investment manager for institutions, individuals and financial intermediaries, worldwide.
Investors from hundreds of countries around the world have access to large insurance protection for their margin deposits.

For more information visit: www.GoldCoastAM.com