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.
