Monday, 11 October 2010

My Forecast

08:00GMT I think EURUSD downside is seen as predicted but this drop is a bluff - a game by players...careful.
01:00GMT Good Morning Friends, Most of the key markets are closed today will be the player's extremes game. Downside to EURUSD is in sight - a small slide will start but then we will make new high. GBP is bit costly - it should try cheaper levels thus making GBPJPY fall further. Unless intervention by BOJ we will see new lows in USDJPY. This will result in big drops in GBPJPY. Its not good news in GBPJPY as Japanese failed to block USD getting cheaper. The small relief is that immediate forecast for GBPJPY is a climb. EURJPY already did a small climb. Climb in GBPUSD is in intact for time-being but its limited.

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