Thursday, 7 October 2010

My Forecast

05:35GMT Thought to test my forecast skill like yesterday - EURUSD will hit 1.3950-80ish and then drop 100 pips..will be sooner/faster..
01:00GMT Good Morning Friends, GBPs looking down I think its going to be a drop; and EURs UP. EURUSD is like a rocket launching itself next stop is at 1.4000 and it may happen in a flash. USDJPY hitting low notes is another part players are good at but funny part is that volume is thin. A cautious drop I would say..

2 comments:

  1. Hi J, from few days back, you said consolidation at lower range unless it broke 1.6, what do you think now as it is not breaking that yet after so many tries? I see you are not doing twitts above 1.6. Thanks

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  2. True 1.6 is crucial as BOE was talking down economy plus house prices are going downhill. I think 1.54ish is practical with fundamentals but like EURUSD big players can drive it above 1.6 in a flash..unsteady market

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