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Old 11-03-2008, 12:53   #46
rufffen
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Re: rufffen XAU spot gold and majors trades

GBP USD update

here's a 4 hour chart with a nice bearish pattern on it. Get in for a TP at 4/8 line (+200 pips from current levels) and SL at recent high. This will be a good ride!

Meanwhile, I expect USD JPY to reach 104 level soon, maybe even this week.
JPY crosses will retrace and trade higher soon, EUR JPY GBP JPY bearish trend will reverse. EUR CAD uptrend will terminate VERY soon and the item will definately trade lower, I will post zones for EUR JPY GBP JPY EUR CAD soon (maybe today). This zones will help position/swing traders place TP and SL accordingly.
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