Cool I knew that China news last week should mean $ strength, that shocking bull move that wiped out my profits on Friday afternoon was a retrace.
Happy now after seeing markets reacting today my shorts from last week back into profits.
I have closed my gbp/usd 1.9681, at chart it has hit bottom trendline. Not long yet as more potential for downisde maybe to 1.9640. But I thought good to take profit to be sure.
GBP/JPY if this drops then more downside in cable can be expected worth checking to see if it has broken though current resistance, see chart
EUR/JPY moving south hit major resistance around 164 and coupled with china news last week may see more South movement, this should make
EUR/USD drop, check chart of current trend we may even see 1.33xx
Sorry for the delay in this post been busy this morning and alot of the moves are already started but just wanted to share my theory and charts etc
Happy now after seeing markets reacting today my shorts from last week back into profits.
I have closed my gbp/usd 1.9681, at chart it has hit bottom trendline. Not long yet as more potential for downisde maybe to 1.9640. But I thought good to take profit to be sure.
GBP/JPY if this drops then more downside in cable can be expected worth checking to see if it has broken though current resistance, see chart
EUR/JPY moving south hit major resistance around 164 and coupled with china news last week may see more South movement, this should make
EUR/USD drop, check chart of current trend we may even see 1.33xx
Sorry for the delay in this post been busy this morning and alot of the moves are already started but just wanted to share my theory and charts etc