Busy for few days

I was busy developing a new indicator - "a 15 Min Fibo indicato"r. It worked last 2 days - testing time ahead as US Non Farm data is due t'mrrow.

Now to forecast (next 48 hours)

EURUSD - Price now 1.4637; This pair is showing a Bull strength but due to data for t'mrrow I think it will try some supports and then climb back. I'll grade this as C for trading though a 50 points down from now is strong.

EURJPY - Price now 131.49; This pair is showing a good Bull strength but as a cross currency it will follow the masters. I recommend 50-75 points UP from now.

USDJPY - Price now 89.94; very unstable for forecast - both sunny & rainy (may be few flash flood ;-) There is no strength in Bull or Bear but I'm worried as alligator is been sleeping for a long time. I recommend a 20-40 points UP and then a strong DOWN movement if and only if somebody wakes-up alligator - most probably Japanese finance minister or Nikkei/dow jones.

GBPJPY - Price now 143.39; as many were predicting parity between GBP EUR - both EURJPY & GBPJPY must show same price by now. Looks like its not in dairy for a while now. But be very careful with UK government - they will do anything to win next election. I won't be surprised if GBPJPY is less than 100 to increase UK exports. Question PM is not thinking is what to export and to where ("fish & chips" to Japan or may be bank shares & Govt debt). No strength in Bull and bear is better than bull for time being. May be by today's US Session bear will nail somebody - recommends 100 Points down from now.

GBPUSD - Price now 1.5961; as mentioned above UK govt loves a bear on this pair. When Govt loves bear then what can others do unless all companies in UK check-in for wayout.No strength in Bull and bear is better than bull for time being. May be by today's US Session bear will nail somebody - recommends 100 Points down from now.

Keep an eye on some GBP & EUR data from 8 GMT today.