Gbp/Yen – The downtrend is now slowly changing to uptrend. Although this is not a confirmed yet but i can see some changes. The moves are now slowly going up. Once my running emas is above the trend emas then its a definite long. So what would be the best option for the moment. Get a confirmation on long trend and get a position in it. (I just made 200 pips in long while writing this).
Eur/Usd – Signs are showing for the longs. Just wait for the confirmation.
Eur/Usd – This is pair is now at 1.35xx. The movement of trends are now slightly changing. But this is a crossroad between a confirmed long trend and a confirmed short trend. Since its in the mid of both, the best option is wait from outside and watch. If i were you, i will give it few more hours till i have a confirmed option of longing. But if this does not break 1.36xx then i think its a good opportunity with another short with stop loss options in check.
puvanSays -> Option 1, wait for a confirmed long since its a monday 
. Option 2, wait till the pair breaks 1.36. If it does not, then a short would be a good option to take. But i dont see any signs of long for the moment.
Gbp/Yen – This pair is currently following the same footsteps of EU pair. I dont see any signs of a confirmed long at the moment. But the movements are at the crossroads of long and short. So giving it some time to see whats the actual trend would be a better option.
puvanSays -> wait for a clear sign. It could be a short term long, but if you are planning to go in for long, do not forget your stop loss checked in. Still a short at the moment.
Eur/Usd – Looks like US dollar is getting stronger by day. Interesting fact is that even though US is slapped with recession but their dollar is getting stronger against Europe. It makes me to wonder, who is actually having a recession. But then again, if everyone can predict accurately, i suppose everyone can become a millionaire in forex. For the moment i do not see any signs of long for Eur/Usd for the time being. It just looks complete short. Those who wants to get into the ride, as usual please keep your stop losses checked.
puvanSays —> No long for now, For short takers do make sure you get into your position with stop losses. Can it go down further? Most probably yeah, but if you think you want to get in the ride, do not forget your stop losses.
Gbp/Yen – Well, since gbp/yen is an interesting pair which it means a combination of 2 pairs, gbp/usd and usd/yen so, the when Us dollar gets strong, the yen becomes strong too. But in this case we are looking at at least lowest in 4 years ( when i start to trade, gbp/yen was at 180.xx) and now its in 172.xx. I do not see any signs of long for the time being, so anyone of you who wants to trade in long, it is not the right time yet eventhough you maybe can see some lights. For those of you who wants to get into short positions, please do not forget your stop losses.
puvanSays —> Not a long for now, chances for short is there. But make sure you always have your stop losses incase of trend changing. It could run down further or go up. For short takers, please do not forget your stop losses checked in.
For the start, i will only talk about 2 pairs in forex. Those 2 pairs would be eur/usd and gbp/yen. I always feel eur/usd is for everyone and gbp/yen is only for those who have strong hearts.
Eur/Usd – Looking at the chart, i can only see eu is at short, but i cant say for exact how low it can move but for certainly there is no signs of showing long at the moment. I mean no strong signs of long, not a confirmed one. All my mas are looking in place but i would not dare to place any position in eu for the time being. Too risky. If you are placing for short, make sure u have your stop loss in place because at the current position its more like in Vegas. You will be betting your luck.
puvanSays —> stay out for now
Gbp/Yen – I see the same for gj. I dont see any signs of long yet. I have never seen gj this low before in the last 3 years. If you look at the chart, the last gj at this number was in 2001. But history does not mean anything to me. For the time being gj is still at short and its a risky position. If you are planning to enter a short in gj, make sure you jump with your stop loss too. gj is now out of its norm movement.
puvanSays —> stay out for now
