Thursday, 4 February 2010

Weekly Outlook


EURUSD- As mentioned before the down spikes are done; the upper segment within the channel is very wide. expecting a big climb to 4200 levels soon.
GBPUSD- Landing near L_BLUE line very soon; may even test below if BOE QE strategy backfires. Starting to create bigger UPPER segment but it will try to stay low for near future.
GBPJPY- Testing the L_GREEN line; will follow its major i.e down.
EURJPY- Expected to climb UP test U_GREEN line first. Small spike downs are seen but in medium term it should go up
USDJPY- testing the U_GREEN line; will try small spike downs but general trend is upper green channel.
USDCHF-reverse of EURUSD expecting to stay up and do some more spike then reverse the trend as lower segment is very big.

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