Tuesday, 23 February 2010

Weekly Outlook


EURUSD - a 88% retracement of previous high in near future; bringing in Green channel stay and then consolidate the position.


GBPUSD - a 127% drop from Lower Blue line is the message. will try a small spike up before the drop.


USDCHF - Downward pressure is increasing. A small spike up and then drop is the scenario I'm looking forward.


USDJPY - A small down to gain strength may be over and now looking to upward move.


GBPJPY - Must follow USDJPY upward.It will gradually loose the momentum as GBP moves down.


EURJPY - Must follow USDJPY upward.

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