(updated 15.AUG.2007, 17:00 GMT+2)
GBP/USD - 2 days:
GBP falling, probably there are a parallel channel, and we are near bottom.EUR/USD - 3 days:
Wedge almost completed. If price fall to 1.34.50, I will consider the downtrend is complete.Do not forget that this wedge is bearish pattern. This means, if wedge is "over", the USD may rally very hard to let say 1.28.00. If you think this is too much, think again. 2 weeks ago I said EUR/USD will be 1.34 soon, and nobody from friends believed :)
Some analysts (http://www.deltastock.bg/) suggest target is ~1.33.50. Looks like they believe the brown line is more important than long term support. We will see.
DON'T BE GREEDY, STAY ASIDE!!!
(and do not play EUR bull either)
AUD/JPY - 1 day:
AUD/JPY going down...Probably, a bullish wedge is forming, but is too early to say.
We expect BOJ (Bank of Japan) to *cut* rates (yes, cut), or to do something else to stop the soaring of JPY, but we will see.
Happy (not) Trading :-)
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