EUR/USD
Open 1.2536
High 1.2561
Low 1.2153
Close 1.2271  

After the small uptrend from the previous week, EUR/USD currency pair once again started to move down and stopped only after reaching 1.2150 price. For the next few days, this should be a support level for the European currency. Previous support level at 1.2330 from the October 2008, which was forced lately,  may now become a strong resistance level for the EUR/USD pair.

Pips Miner EE closed 25 trades and earned another $1000 last week. Account balance is approaching $30.000 at high speed, which will mean tripling the PM EE initial deposit from the September, 2009!

GBP/USD 
Open 1.4460
High 1.4610
Low 1.4258
Close 1.4455 

GBP/USD still remains in the horizontal state. On a daily chart we can see a channel created between 1.4230 and 1.4610. These prices should become the support and resistance levels for that pair.

GBP/JPY
Open 130.55
High 133.22
Low 127.63
Close 131.62 

Japanese Bank has been struggling with deflation for couple of months and now it'is trying to stimulate the economy with the low interest rate politics. At the moment, the major interest rate in Japan is only 0.1%, but as a result of constantly decreasing prices consumers still provide themselves only with the most necessary goods.  This problem remains unsolved for a second decade.

After four consecutive weeks of strengthening JPN, previous week turned out to be slightly in favor of GBP.

EUR/USD
Open 1.2918
High 1.3091
Low 1.2353
Close 1.2356 

We've witnessed another week of big losses of the European currency and new minima in the EUR/USD chart. Every day the closing price was lower then a day before. Not even creating the EU stabilization fund prevented EUR from moving down.

We're proud to introduce our brand new EA trading EUR/USD - SafeDroid, which closed previous week with $318.30 on profit. This robot has been trading since the December 2nd 2009 (initial deposit of $10 000) and for now, after half a year, it managed to earn already $5262! The robot will be available for sale on June 1st.

GBP/USD 
Open 1.4879
High 1.5053
Low 1.4494
Close 1.4532

After the Conservatives' victory in the UK election, coalition with David Cameron as a leader was formed very quickly.

Optimism followed the fast and skillful decisions of the new rulling coalition, was cooled  down pretty soon by the BoE inflation report. Results were not optimistic, in addition Bank of England intend to go back to mitigating the monetary politics.

Last week, 4xCanary Bot once again closed all its trades with profit and enlarged its account balance by $151,93. 4xCanary Bot hasn't lost a trade since 29 March, 2010!

GBP/JPY
Open 137.50
High 140.55
Low 133.28
Close 134.37

Last week GBP/JPY was much calmer than the week before as the Japanese economy still stands aside from the situation in the West. Weaker GBP is a result of the situation in the UK, described in the GBP/USD report above.

This month, Forex Shogun trading GBP/JPY currency pair earned $522.97!

EUR/USD
Open 1.3354
High 1.3358
Low 1.2520
Close 1.2750

Last week, EUR/USD price was rapidly moving down, creating a new local minima.

Obviously, responsible for this was the situation of Greece, which has become a very serious threat for the european currency.
What's more, recently the U.S. economy has changed for the better, a sign of which is the considerable employment growth in April. This may have not influenced EUR/USD much, but it can be a good prognosis for the U.S. market.

Pips Miner EE begun has begun the previous week with 4 trades closed at stop loss levels. However, for the rest of the week PM EE closed 30 trades with a profit and despite 4 losses it earned $1159,12 trading 0.1 lot.
Pips Miner SE has closed 74 consecutive trades with profit and hasn't lost a trade since 22th of April, earning $2200 during that time!

GBP/USD
Open 1.5330
High 1.5332
Low 1.4474
Close 1.4801

GBP/USD started the last week's session with a strong bearish movement, but at the end of that week, British pound went up and caught up on part of its loss. On the H1 chart we can clearly see an upward channel, with a resistance level at 1.5000.

GBP/JPY
OOpen 143.91
High 144.89
Low 129.75
Close 135.56

Weakening of the British pound, which took place on Thursday, was caused by an unofficial UK election results. Victory of the Conservatives doesn't guarantee them the majority. This will leave two ptions, either forming a minority government or a coalition government, which isn't good for the British pound.

EUR/USD
Open 1.3626
High 1.3692
Low 1.3472
Close 1.3489

Last week we witnessed quite a big price gap on EUR/USD chart: between Friday closing price and Monday opening price, which was covered on Thursday. Further bearish movement was a result of the unregulated Greece issue. Recently, Germany under pressure of the public opinion, opposed the helping and paying for the mistakes of the greek monetary policy. 

An infallible Pips Miner EE closed 17 trades with profit, which increased its account with another $717.80 during the las week.

GBP/USD
Open 1.5441
High 1.5523
Low 1.5336
Close 1.5349

For the whole previous week GBP/USD was in consolidation movement, creating a side trend. The nearest support and resistance levels are at 1.5300 and 1.5460. There might be as well signifact support and resistance levels at 1.5090 and 1.5611. At the moment both directions are equally possible.

GBP/JPY
Open 143.76
High 145.03
Low 141.34
Close 141.56

Despite a good beginning of the previous week, GBP/JPY found strong resistance at 145.00. That started a rapid downside movement and GBP/JPY closed 200 pips below this week's opening price.

EUR/USD
Open 1.3492
High 1.3538
Low 1.3282
Close 1.3497 

Last week, EUR/USD movement was determined by the situation in Greece. As a result of the speculations about uncertain ECB support for Greece, at the beginning of the week EUR got closer to the 1.3280 level, just to bounce back after Friday report about agreement concerning support for Greece.

Once again Pips Miner EE did very well, closing 38 trades with profit (40 pips each). Account balance has increased by $1515 to $22 725 (from the initial $10 000).

GBP/USD
Open 1.5264
High 1.5390
Low 1.5127
Close 1.5368

Doji candlestick created on a MN GBP/USD chart was a prediction of a change of movement direction. GBP/USD is in a bullish movement for the second straight week. Situation is getting very similar to the one on March 2009, where after a few months of bearish movement, doji candlestick created on a MN GBP/USD chart inverted the movement for the next few months.

GBP/JPY
Open 144.50
High 144.71
Low 140.93
Close 143.17

At the beginning of the previous week, GBP/JPY pair was in a correction movement after a few bullish weeks. On Thursday price began to go up, returning to the slope angle very favourable in the market trends.

EUR/USD
Open 1.3475
High 1.3591
Low 1.3384
Close 1.3499 

The last week was exceptionally peaceful. Due to Easter celebrations New York and London markets did not operate on Friday and the first session started on Tuesday.

Although the markets were quiet for the whole week, Pips Miner EE did not waste time and closed 16 trades with a profit. With the lot size set to 0,1, it's over $638 of profit.

GBP/USD
Open 1.4953
High 1.5298
Low 1.4891
Close 1.5192

In the past days GBP/USD bounced off the support line which was formed on March 25 formed at the level 1.4790 and rose to reach 1.5300 which formed a new line of resistance that hasn't been broken yet.

GBP/JPY
Open 138.23
High 143.94
Low 137.67
Close 143.73

The British pound has gained not only in relation to the US dollar but also to the Japanese yen. The yen has been uprising since July 2007 and as has become inconvenient to the Nippon economy since it had a negative influence on the export. This indicates that in the near future we should expect further slumps in the price of the Japanese currency.

EUR/USD
Open 1.3518
High 1.3569
Low 1.3267
Close 1.3408 

Last week EUR reached the 1.3267 price, which was the lowest level since the May 7, 2009. On Friday eurozone countries announced they had reached an agreement about Greece aid program, which caused bouncing EUR price to the higher level.

Last week, Pips Miner EE once again proved its value, closing 20 trades with profit (40 pips each) and earning $798 with only 0.1 lot involved. Pips Miner EE has already doubled its initial deposit on a live account within only 6 months.

GBP/USD
Open 1.4988
High 1.5113
Low 1.4797
Close 1.4894

Similarily to EUR/USD, GBP/USD was moving down for the entire week. It stays in a bullish movement since the November 2009, and the price wasn't so low since the May, 2009.

GBP/JPY
Open 135.62
High 138.11
Low 134.55
Close 137.80

All the previous week Japanese JPN was losing its value to all the major currencies. Since February, 2010 GBP/USD stays in a horizontal channel between 119.60 and 125.25.