My Forecasts

12:40GMT Book your profits on all sells now; don't wait for major drops
09:35GMT Confused!!! yes after data no drop even though data was bad for GBP. Its a small trick - wait & see how panic is created among traders..
06:50GMT Sell all JPY crosses for 10-20 pips above current price target 60 pips down. now @ 141.05 & 122.63[***]
05:45GMt 2Hrs chart & boundaries

EURUSD -1.3578/1.3690; GBPUSD -1.5631/1.5759
USDJPY -89.31/90.40; USDCHF -1.0704/1.0792
GBPJPY -140.16/141.89; EURJPY -121.80/123.30

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05:30 check AUDUSD chart - a clue for next move
04:20GMT As you can see last 10 hrs little moment puts next trend a bigger one. i expect pre EU session & 9:30 data release to be a big one. I saw some big volume during Japanese session start.
01:50GMT based on patterns I think EURs are going to drop {RISKY one} now @1.3624 & 122.64
00:00GMT Good Morning Friends, I like the name for Greece issue -"EU's toyota problem". Most of the analysts are downgrading EUR; some even targeting 1.28-30.I think Greece & spain problems are caused by "Local players -betting" not by actual measure. yes Greece will be in 125% debt of growth. I think most of the western economies will be in debt ranging from 60% to above. Even US in 1950s was 90% in debt with both Bush regimes hitting 70% and now Obama should hit 90-100% by 2014. My concern is Yen; Japan is going to hit 222% - though they survived decades above 100% but don't you think 222% is going to see GBPJPY @ 300.00 & EURJPY @220.00. Yes in next few years FX landscape may change. Lets focus from today!!!

Don't forget the data releases today; I'll update the directions from time to time.