My Forecast

05:40GMT Strategy Testing message (pls don't trade this)- Liquidity Provider GBPUSD at +75% {sell 1.6265} EURJPY 6 hrs back -75% was a BUY below 129.70 then reversed & went upto 130.40 {a success entry with ratio}
05:30GMT Most of the pairs are in holding position - no major volumes. Intentions will be clear in next 1 hour
00:00GMT Good Morning Friends, As you guessed today is GBPs day; well it was from yesterday. Prices reaching 261% BUY levels for JPY crosses but I still think GBP is the key player. Few of blogiewers must be in yesterday's 12 hrs and 24 hrs Long positions and now we are below these levels. As seen before these are stop hunts and will not survive for long but you can always take advantage of this by increasing the exposure with limits. Players will set panic among traders and when all traders think alike they will do the reverse; i.e players are giving an impression that GBP is set for 1.6080s or 1.5700s but we know the limits with 261% and 432% and it should reverse soon. My feeling is that we are entering into a stage where players wants to close for christmas by mid of next week and for this they are taking positions from yesterday. All I can say is get ready for a very volatile days. With Dubai story doing rounds no wonder GBPs will be thrashed to extreme levels. For british its time to book flight tickets for newyork shopping!!