Thursday, 14 October 2010

My Forecast

02:00GMT Good Morning Friends, USDJPY at 81.40 looks very cheap for LONGs for our JPY crosses and both GBPUSD & EURUSD RSIs are above 90s in 1 hour chart at 1.5962 & 1.4064 looks 10-20 pips below A SHORT entry.


Note: - I've some issues with my hosting server and struggling to get my server back & running; this may take sometime as mentioned by ISP.

2 comments:

  1. Hi J, now that gbpusd has broken through, what do you expect? Still think of the ranges you mentioned about 2/3 weeks ago or changed views? Thanks

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  2. It hit above 88.6% on weekly but yet to hit 127%. But Daily 127% is complete. This will give a drop soon unless it stay in same range and try 1.6200. USD getting too cheaper will harm UK economy.

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