My Forecast

15:40GMT GBPUSD breached the UP trendline support but reversed and standing above this support line now. Today by US session close GU must breach this support for a downtrend to start i.e towards 1.6500
08:10GMT GBPs are ready for UP trend atleast 50 pips up from current levels GU 1.6644 & GJ 149.31 [*****]
08:00GMT Players were thinking about taking GBPs to new highs, but as mentioned in Market Rumours -David Riley's comment came out of blue and I think most of players cut their Longs and instead took shorts.If players took short expect another fall to 1.65 region very soon.
06:40GMT david riley saved us all on GBPs probably he was on SHORT on all GBPs :D
05:30GMT Play safe Fibo close levels are over for GBPs, now only levels 100%, 127%, 161.8% to achieve (if they plan to)
05:20GMT How wonderful is this FX market 1 day u r in selling level & in 24hrs u r closer to buying level -enjoy the ride.
05:00GMT I think EURs are setup for BUYs for traders and SELL by players. After a 50-100 pips fall probably hitting all stops Players will buy for the data. Remember player's techniques & levels are unknown and can only guess from previous such situation.
03:20GMT No major movements at this moment - calm before the storm [*****]"GBP Storm"
01:00GMT Day must belong to EURs as many important Data EURs should go down by 30PIPs from current level first EJ now 134.83 target 134.53 and EU 1.4987 target 1.4952[*****] completed after 4 hrs

00:00GMT Hope all my blogiewers are safe by closing short positions in GBPs 24hrs level yesterday. If 12 hrs is still open don't worry a fall to today's 12 hrs BUY level is in horizon.[*****] We are standing around 15K feets above sealevel in GBPs and only 5K feets above for EURs. As EURs are expected to go up any BUYs at lower levels are advised (bit cheeky).I meant take advantage of any fall; don't try to SHORT and get trapped like many of us did a month or 2 back. Today is the day for EURs BUYs at lower. If you have SELLs from yesterday try to close it today. I expect EURs will try their best lows in next 24 hrs and then we are back to UP trend. Don't expect landslide but just an average drop 100-200 pips at max.


00:00GMT Long Term Forecast from Inv Banks CLICK HERE