My Forecast

13:55GMT My indicators shows EURGBP @0.8598 roof is at 0.9023 & floor is at 0.79547. I favour the FLOOR trend.
13:10GMT Jeesons Daily Chart Analysis & Pattern Scenarios:
EURJPY -
We are at 113.95 a 38.2% reversal in pattern i.e Point B
Now if it goes to Point C (Half Down trend month Oct2010) that will be range of 108.52-110.59
Then hope USD gets stronger till Dec2010 Point D the first stop at 123.04, further up - 125.34 and on stronger note 134.07

EURUSD -
Both short & medium terms we are at the last leg pattern i.e Point D. So EURUSD Up trend is intact for time being.
On short-term we already crossed 127% of last low's reversal now we are heading to 161% i.e 1.3792.
On medium term next stop is 1.41638
On Long-term view we just crossed 50% POINT B at 1.3504 and we are looking to POINT C (1.2974 or 1.2345) before going in for kill POINT D above 1.48ish.
I'll try to load a chart with these Points

12:15GMT Very key for EURUSD's trend Thousands of people from across the EU are marching through Brussels in protest at sweeping austerity measures planned by many governments. The European Trade Union Confederation says its protest could be one of the biggest in Belgium's capital for years. The union says EU workers could become the biggest victims of a financial crisis set off by bankers and traders. A general strike has begun in Spain and protests are planned in Greece, Poland, Italy, Latvia, Ireland and Serbia.Many governments across the 27-member bloc have imposed punishing cuts in wages, pensions and employment to deal with spiralling debts.In Greece and the Republic of Ireland unemployment figures are at their highest level in 10 years, while Spain's unemployment has doubled in just three years. In Britain the government is planning to slash spending by up to 25% in some areas, while France has seen angry protests against a planned increase in the minimum retirement age.

09:25GMT A clash to my indicators view from Autochartist patterns

The Channel Down Continuation pattern on the 30-minute chart of GBP/USD suggests the start of a possible break into the down-sloping support line below 1.5684. Following the first test of the resistance line, this currency pair twice more touched the same level, gradually forming a series of three lower highs and lower lows. This type of pattern is often indicative of the beginning of a decline into the lower boundary of the chart pattern.With several points touching the resistance line, this pattern receives relatively high marks for Clarity—though, with points more evenly spaced over time, the pattern would likely have generated a higher Uniformity rating.Note that this pattern can be considered both a continuation and a reversal. An attempt to penetrate the resistance to the upside was made earlier today; the move was negated when the market once again fell back into the channel. However, it served as a gauge of the strength of the resistance. (The first penetration did not have much momentum, but several more tests of the resistance line will weaken it and possibly set up an acceleration to the upside.) Traders should nevertheless continue to monitor the resistance area—especially if the market fails to reach its objective at the support line. In summary, traders should look for the market to follow the downward slope of the pattern into support, but be quick to adjust to any potential for an upside breakout.
08:45GMT I can see GBPs looking UP and certainly 60-80 pips in the climb.
07:20GMT EURUSD about to hit 1.37ish and 1.3740-50 will complete 161.8% on session based trend.
03:30GMT The Euro continues to surge against the U.S. Dollar, and recently broke through the previous ceiling at 1.3334 (which was the high from August 6). This move has now solidified the bullishness that was confirmed when the EUR/USD traded through the 200 period simple moving average at 1.3198. The EUR/USD easily broke through the resistance area between 1.3097 and 1.3426. The ten-bar Initial Trend reading confirmed a strong trend on the Pennant breakout despite the lack of bullish momentum behind the downtrend line break. The Forecast area should now be considered potential support on a pullback. As prices continue to rally and now test resistance at 1.3500, many traders are looking ahead to what could be a more significant ceiling for the pair should the U.S. Dollar continue to sink.The Triangle breakout through downtrend line resistance at 1.3145 has triggered an Initial Movement/Momentum (IM) entry long, creating anticipation for higher highs, though selling pressure at 1.3500 will likely smother buying momentum before prices reach the April highs between 1.3680 and 1.3692. The key to more upside is where exactly intraday support waits to help the bulls keep their footing; near-term support levels appear to be at 1.3431 and 1.3413. If there is a more significant retracement lower, look for buying support at 1.3385—this is currently the uptrend line support of a Rising Wedge pattern on the 240-minute time frame.




03:05GMT Response to the email-request: my accounts are on 100:1 and yes this may be the reason I'm comfortable with no stop-loss in my trades. I use to trade with 500:1 & 400:1 with FXCM but I learned my lesson in my initial years. Chips are with you and one decides how & what will be the leverage. I can guarantee that even most experienced traders will try a max of 200:1 not 400 or 500. The top big investment banks traders (I know) trade 25:1 & 50:1. Leverage is a crucial factor that no experts advice take-in account. I think US Financial authority was correct on curbing the leverage but other rules are too irresponsible.
01:00GMT Good Morning Friends, EURUSD made max of the roof and I think next few session there will be consolidation after it hit 1.3620ish. Meanwhile JPYs are undecided whether to follow JPY or their major. With current trend GBPJPY will try some climb & then slide where as EURJPY will try something of EURUSD. GBPUSD is undecided so I'll wait for "swing-traders entry tweet".