Thursday, 5 August 2010

My Forecasts

14:10GMT Pattern Completed in EURGBP 1 HR chart - next leg DOWN -clue for EURUSD & GBPUSD.

11:45GMT Get ready for Jobless data release and then the trend for t'mrrow's Pre-NFP trend. Its always busy 1st week of month.
07:10GMT From 10:00GMT data time - Though JPYs showing DOWN patterns; I'll not risk with SHORTs only go LONGs but try when RSIs are down. Check Today's Technical Play and you will see RSIs for JPYs are forming a triangle and will breakout soon.
01:35GMT Good Morning Friends, I think JPYs should try DOWN again to test Japanese FM - I love players behind this cat & mouse game. GBPUSD is certainly sinking but I'll be bit cautious till the Interest Rate. EURUSD will slide but depth is a problem; there will be small hills to climb today. Overall -ve but small +ve to take positions.

1 comment:

  1. Hi J, do you think gu will travel to 1.52 areas as per your technical play graph it should (lower blue line). Thanks again for all your help

    ReplyDelete

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