Posted by millionaire | Sunday, November 01, 2009 | | 0 comments »


update 1h chart gbp/yen:

while below 151.80 hold suggest short term top already in place around 153.25 and now focus to breakdown 147.00 support.Pullback may happen anytime and contain below 150.00 zone to resume the selling activity again,but if selling continue and sink deeper below 147.00 next downside target should be around 144.60.above 150.70 will cancel this scenario and focus back to the previous high around 153.25.


euro/usd daily chart update:

Last week strategy seems working,and temporary top possible in place around 1.5060,pullback may happen anytime and should contain below 1.4846---1.4920 zone.breakdown below 1.4680 is needed to accelerate momentum deeper to downside and 1.4460--14480 as a next target.


gbp/usd chart daily update:

bearish still in my view while the cable is below 1.6750,even currently sideway in the range,failure previous resistance around 1.6690 before bring the focus back toward 1.6270 where a breakdown that level is needed to establish the selling pressure toward 1.6080 as an immediate target.small pulback may happen and should contain below 1.6690.

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