11:50GMT I tried my best to stay away from all JPYs today as Japan's ruling party's leadership election is due t'mrrow. It will be a wild ride - no matter who wins. I think if current PM wins then an UP trend; if he looses a drop to 80 mark in USDJPY is likely. This cannot be discounted and no indicators will show this forecast..
Our technical play sections shows the RSIs are UP in 8 HRs chart; my guess is that its a clue for direction for post-election.
07:50GMT Was taken by surprise on UP trends.. Was expecting to hold EURs in same or lower levels than morning but the momentum in GBPs was a surprise. I think for reversal GBPs will be good.
01:00GMT Good Morning Friends, EURs completed the UP trend with real momentum. I think there will be small climb left and then reversal but it may end in slide not drop. GBPs needs time for the UP trend buildup. Its creating scenarios where the momentum can be build up. NO major data today so careful with wild rides from players..
Monday, 13 September 2010
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Is 126.6 too low for the spike down before the big rise in GJ?
ReplyDeleteThe tweet might say that range but look at Weekly pattern chart's daily levels. I think safe long levels starts from 128.80-129.00ish to down.
ReplyDeleteYou don't see it going to the %127, which happens to be 127?
ReplyDeleteI think GJ lost its momentum.. I was thinking it may do 161.8% today but it took a smaller climb for now. But check the 240 mins Patterns and I'm sure it will hit 127% v.soon probably not net session or so. The best try will be data releasing hours.
ReplyDeleteHi J, what is outlook for gu? Thanks
ReplyDeleteGU already doing the DOWN slide it should complete the slide near 1.5350ish. I think it will start to rise on a weekly basis from now. Sooner or later of 14-20 days we will see 1.58-1.6ish
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