Forex - Trend Change?

Posted on November 30th, 2009 by James Alliss.
Categories: Forex.

I just wanted to add this post as I’m actually excited by what price is showing me and I wanted to document it for future reference. I strongly believe that the market is showing early signs of risk appetite so I’m going to stick my neck out here and make some early price projections.

GBP/USD - Long up to 1.6650 as my first target.
GBP/JPY - Long up to 1.4700 area.
USD/JPY - Long up to 88.50 area.
EUR/USD - Long up to 1.5150 area.
AUD/USD - Long up to 0.9300 and quite possibly make new highs.

I really can see lots of opportunities and the above are just a few. I’m going to try and at least get in one one of them. As soon as I can see a safe entry on any pair I will post it on Twitter. This is Forex and it’s unpredictable so I’m not just going to jump in and hope for the best. I will plan my aproach as and when I see it with my main focus being GBP/USD as it’s my favourite pair.

Watch this space.

James.

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