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Monday 11 May 2009

My recent GBPUSD prediction absolutely missed reality. GU decreasd on interest rate, but on friday recoveret strongly. Daily chart however does not look hat bad. You ca easily notice that mentioned pair was moving within some reasonable range, what keeps my expectation of 400 pips retrcement still valid. Whn writing this post strenghtening JPY caused 100 pips fall on EU ad UJ what is not really surising simply because I did not expected anything for those pairs.

For now I can't see anything from charts what will keeps me away from trading. In general I wouldnt expect big suprises on daily chart, so rapid moves should be mostly shadowed by moves back.

PS.
I have just created new wbsite: fx-lines.blgspot.com which provide some key S/R levels, fibs worth of attention and weekly and monthly pivot points. If you'd like to campare it with your thoughts jus visit http://fx-lines.blogspot.com.

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