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Tuesday 22 June 2010

2010-06-22 15:18 GMT +1

I see return up on GU and GJ, and possible rises [but not too exciting] on CADJPY.

Certainly budget reveal in UK strongly influenced GBP performance, therefore I would first wait for some pullback on 30M chart until I would enter a trade.

I expect this pair to rise in log term, I said about at least two day of correction, what I think may be considered as happened.

I think bounce up off weekly pivot 1.4750 would be better than perfect to long [but prefect setup is required first.

If this scenario will work I expect around 75 to 100 pips II target and third part left for at least 1.4950 target.

For this trade I would use GJ and CADJPY as a confirmation.

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