GOOD MORNING/AFTERNOON/EVENING, WHERE EVER YOU ARE ON THIS GLOBE WE HEREWITH WISH YOU A HAPPY, HEALTHY AND PROFITABLE 2010 ! IN THAT SEQUENCE! WE THOUGHT ABOUT THAT!!!!
IN ABOUT 6 HOURS TIME THE MARKETS WILL OPEN. SO WILL WE. WE EXPECT TO TAKE OUR FIRST TRADE AT THE TOKYO OPEN. WHAT ARE WE LOOKING AT? WELL LOOK AT GBP/YEN, IT SEEMS EXTREMELY OVERBOUGHT. IF IT WOULD OPEN AT THIS HIGH LEVEL IT WOULD CERTAINLY BE A SELL.
USD/YEN? SAME THING. LOOK AT THE NICE BEARISH DIVERGENCE DEVELOPING IN THE RSI HOURLY.
ANOTHER THAT DREW OUR ATTENTION IS EUR/GBP.....HITTING A STRONG SUPPORT LEVEL AT THE 0.8870 LEVEL. IT WILL ALL DEPEND ON THE OPENING PRICES DEAR READER, BUT IF NO GAPS, YOU KNOW WHAT WAY WE ARE CURRENTLY THINKING.
REGARDS AND A SUCCESSFUL 2010
PETER & CO
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