My Forecast

16:10GMT EURGBP - Adding more pending BUYs with current open ones at 0.9017 & 0.8950 with 80 pips UP targets for each.


14:20GMT GBPUSD Plan: Bat bullish pattern is now complete i.e 88.6% from 26-Nov point X. Can BUY for a reversal to 1.6445 but don't risk huge lots in this trade. Chances of huge drop is more when volume increases i.e to 1.6155 then 1.5999.
14:10GMT GBPJPY Plan: After 09-Nov Highs to 26-Nov Lows the reversal to 78.6% was completed on 04-Dec. Now its testing 61.8% on coming-back pattern. It should reach 143.90s to do this stage of pattern. Then we need to wait and see for Butterfly 127% final target 154.75 or AB=CD pattern 135.80s. But its certain that we are heading for big move after this week.
13:10GMT Triangle formations in 15mins for many pairs. Big moves expected.
12:40GMT Cesar says GBPJPY completed double bottom in daily charts

12:30 GMT Players testing GBPUSDs new low - LONG stops hunt expected catch 50 pips low LONGs.
10:30 GMT takecare with JPYs - JAL situation is getting complicated; though Japan guarantees fund - the M&A possibility will be at risk. T'mrrow Nikkei can react to this though it has risen for today.
10:20GMT Anybody with USDCHF with +ve pips close & book profit.
10:00GMT GBPUSD BUY 1.6330-1.6290 for 80-120 pips UP. [****]
08:50GMT GBPUSD reaching 88.6% of recovery - holding this level we will see reversal[****]
08:40GMT Chances of rebound is higher for GBPJPY & EURJPY below 146.80s & 132.90s [****]
05:50GMT Small Sell GBPJPY & EURJPY for 50 pips close to 148.70s and 134.30s and then add BIG Sell near 149.20s & 134.50s
05:40GMT Downward pressure increasing for GBPJPY & EURJPY[*****]
03:50GMT We need to wait for Euro & UK session open for the day's high & low. catch new trades or closing +ve pips during the session start.
02:10GMT Big volumes seen in almost all pairs now. Big moves expected in 4-6 hours time
00:00GMT Good Morning Friends, Do you feel very fresh after friday's jumps and dives. USDYEN was the story. We saw USDYEN above 89.50 since 26-Nov with our 8 hours channels. The big upper segment in weekly outlook pointed to this jump. Since 26-Nov I did repeat that any longs above 89.50s are safe for +ve pips; don't close those. I feel very good as two of my channel strategies are proved correct. Today's focus is German Factory Orders, US Consumer Credit and Japan trade balance. Take extra care as we will be seeing year-end profit booking by many big players.

Thought to show you how our 8 hours chart channel strategy is better than pattern systems.
I said on {02-Dec-2009} EURUSD will do a small spike UP but will drop as lower segment was getting bigger. Where as most of the experts and pattern systems were claiming that EURUSD will go up and hit 1.5200 mark and here is the proof: