Quote:
Originally Posted by sibi
i wish i could show you the weekly chart. maximum upside for today is 1.3930 which is already acheived i feel.now the way towards 1.3882 level. and tomarw intra day may be 3780 and a close around 1.3830?
i feel tomarw will be that day when GBP usd show an intra day low below 1.60 were all the long will be inwinded,the same with AUD as well.
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BE VERY careful, the reverse today was a key to the upside trend, watch the Euro PAIRS, all reversed, making higher lows from the fall before, and now all it needs to make is higher high (we printed 1.37 vs jpy....and 1.42 last time) do not be surprised if we take the 1.43 next swing up....any positive comment in the G8 statement regarding the world economy and the euro ...gbp and aud will shoot up in one candle....forcing many shorts to cover then come down again, range trading is the prefer method in July.
