My Forecasts

15:50GMT Why players pulled GBP down:-Speculation that Brown could be tempted to call a slightly early election has emerged because the economy is returning to growth after an 18-month recession and the Labour Party has improved its ratings in opinion polls.European foreign exchange and stock market traders said earlier on Friday there was talk of a snap election, citing a popular British politics blog which said journalists at the BBC had been put on high alert.The UK government dampened speculation an election announcement was imminent by saying Prime Minister Gordon Brown was not planning to meet the Queen this weekend, as law would require.

13:40GMT try to close any shorts in any pair sooner in +ve pips don't wait for EU & UK market closes.. very risky to hold on to... fresh new volume loaded during data release..
13:00GMT New low for GBPUSD - downtrend starts..
12:35GMT Get ready to rock'n roll 13:30 GDP data..
08:05GMT SELL GBPUSD above 1.5265s target 50-80 pips down.{risky}[*****]100% full marks!!!
05:10GMT They are going to create another bearish fear again today during 6AM GMT I'm sure there are traders waiting with shorts. Be careful with big target SHORTS. A big surprise in store..
03:55GMT Must admit the depth of the fall was a surprise -feels guilty of that. But now I found the issue to be an array of the factors "missed the month-end cycle factor,long-term view, fundamentals and missed BUY/SELL channel rules". I kept telling in my forecasts that GBP will fall but failed to do detailed analysis of USDJPY-damn!
00:00GMT Good morning Friends, Hope you survived yesterday's pain. I survived by just. Though I held on by using shorts and closing for smaller pips; today I'm think of getting rid of some GBPUSD & JPY Crosses longs that are held above my 24hrs SELL level 261%. Like you I'm in FX to make money and yes I've commitments; for this reason I'll have to close few trades in big -ves. I'm still thinking not yet done. As mentioned yesterday current USDJPY trends is nowhere near the Fibo levels. Expecting another fall after a small rebound. I know some viewers in another blogs went out with margin calls; and hope nobody in this blogiewers suffered heavy hand of market.