Posted by: Babu Suresh | May 21, 2009

GBPJPY-21-05-09

GBPJPY M15–ChartsGBPJPY_M15-210509

Hello Friends,

Good to see you all in the midst of Pound & Euro racing ahead, perhaps without giving any consideration to any of the usual worries and rumblings about economies, depression, recession etc. etc. etc.

It’s needless of me to caution since all of you know very well, time for shifting focus on USD, as I feel it’s already overdone for nothing.

One thing is emerging clearly, all the noise about safe-heaven investment and related terminologies proved to be insignificant. The strategy of big guys is for 2 weeks push the Pound & Euro and then for the rest of the 2 weeks play with USD, using all the hopeless data as an excuse. This is what all about safe-heaven.

The advantage being, no SECs or Feds or Regulators across the globe can find fault with the forex & gold traders unlike their counter parts in stocks.

Whatever may be the case, let’s pray, these cash rich banks and institutions come out of their mess, properly utilizing these opportunities and let the world lead a peaceful life. And most importantly, let’s not waste time worrying, instead work on capitalizing on the best moves, thanks to the big guys, boost our bank accounts and bring back our lives to normalcy.

GBPJPY M30–ChartsGBPJPY_M30-210509

My present supports and resistances – supports 148.70, 147.84, 146.65 & resistances 149.57, 150.75


GBPJPY H1–ChartsGBPJPY_H1-210509 GBPJPY H4–ChartsGBPJPY_H4-210509

For any guidance mail me at tradewithsuresh@gmail.com

Skype: sureba67 & Yahoo: psb67

Healthy And Wealthy Trading

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