Hi!

The whole FOREX world will be looking tomorrow at the level I've been posting a long time ago: 1,9590/80.

Of course they will not be looking at that level because I have posted it. That level is there and anyone can see it.

The break of 1,9590/80 will mean, as long as it keeps below once broken, that our beloved cable has changed from bullish to bearish and that the rise from 1,9261 may have ended. So, take care mates, cause we will be set to go to the lows again. I know, I know there are more supports down there like 1,9569 - 1,9548 - 1,9538 - 1,9510 - 1,9505 - 1,9483 - 1,9472 - 1,9462 - 1,9440 - 1,9434 and 1,9405.

So, first thing we need here in order to go up is to have it trading above 1,9590/80. This should be our line in the sand.

If it does so, I mean, if it keeps above 1,9590/80; the first thing it will need to do is break the pivot at 1,9663 and then 1,9695 - 1,9733 - 1,9753 - 1,9777 - 1,9796 - 1,9828 - 1,9830 - 1,9839 - 1,9845 - 1,9861 - 1,9895 - 1,9913.

Now, mates, it will tell us that something big could be near if it breaks 1,9621 - 1,9602.

About GBPJPY:

Pivot at 237,65.

In order to keep going up, it needs to break 238,56 , 238,70 - 239,00 - 239,57/67 - 240,00 - 240,31 - 240,43 - 240,64 - 240,95 - 241,46.

Below 238,08, the risk is to 237,65 - 237,47 - 237,08 - 236,65 - last low 236,31. If yesterday low does not hold, next should be 236,27 - 235,88 - 235,55 - 234,95 - 234,60 - 234,46 - 234,18 - 233,99.

While writing, GBPJPY has made a high at 239,00. Sorry, I was late.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline