Monday 12 April 2010

update: GBP ABOVE 1.54, careful holding for longs or quick shorts

GBP breaks to top of range and whilst stays above 1.54 for long, EUR also reaching top of the bottom range, failure at current price should cause another mid-to-short-term drop

AUD supported so will have to see the extent of any drop caused by other sell-offs and see how liquidity is redirected

Thursday 1 April 2010

∑ GBP or EUR short brewing, UJ rises to just under 94

have reached kind of pivot point B in an ABC move, where the destination C may be up towards 1.6 or back down... 1.4 could be final area for bears

UJ rising to new high, may have set new bull trend and may leave GU and EU churning in range or further fall in longer time, but now also presents shorting opp