14:50GMT My target for GBPUSD was achieved and I can see it went another 100 pips beyond. Remember this move was hard to forecast as BAD USD data triggered this.But the story is JPYs. There is something on with JPYs hope players are handling majors first and then hope they will try the same with crosses. Bad data points to another recession???
10:50GMT GBPUSD almost completed its landing on first support - but due to BOE King's comment about second recession I'll stay away and watch till next week. I did enter a Long abt the support for 100 pips not more than that - play safe.
01:35GMT Good Morning Friends, it looks like we are going to continue with down trend in almost all of our pairs. JPY target is changed to 85 by Japanese experts - our JPYs crosses will be battered if it goes according to their plans.I'll advise caution on JPYs as world is entering into longer recession period than predicted. Any Longs with smaller targets are good when RSI reaches single digit.
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