Monday, 2 August 2010

My Forecasts

16:20GMT Those who are following the pattern-wall - here is an update since morning:


14:10GMT Today it was "longterm pattern" day GBPUSD touched 161.8% on daily high/low & 127.0% on weekly High/low. EURUSD just now completed 127% on daily high/low and looking near to 127% on weekly. I'm loaded with shorts in EURUSD. Holding on thinking that 127% wave was the last leg and we are going to see the drop soon.

11:55GMT JPYs target will be interesting...50-60 pips down

07:00GMT Check RSIs in almost all our pairs - EURUSD is certainly DOWN expectations for data release must be bad for USD.
00:40GMT Good Morning Friends, JPYs almost completing the UP trend; GBPUSD & EURUSD just thinking about another UP-push. I think GBPUSD is making new grounds ahead of some major data releases. EURUSD will be on focus with PPI today.

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