Operators' intentions read by 
EURO and GBP made the higher level consolidations with frequent upward stop hunts.They are expected to quickly firm up from low before the data release time and then slide after data releases and drop during US session taking the focus to NFP data release by tomorrow.
During ECB press conference time they are expected to make quick rise and big drop in EURO.Quick upward extended stop moves are sell times in them to cover during US session.
I will be presenting ” Tracking the market together ” part I by 10-10:45 GMT and part II - 14:00-14:45 GMT.You can register for the same from home page of fxstreet.com and get the market views.
I will give updates as and when required.
Regards
Dr.Sivaraman
Thanks Doc, doc what are your prediction on UJ? It has been stuck in consolidation for a few weeks now will there be a break to the upside or down side in your opinion?
hi Dr.Sivaraman
i wish to know why GBP is still strong against others………. even they have cut interst rate ??
thankss
saad
hi Dr.Sivaraman
i cant log in today webinar because i am not a memeber
good day
Dear Saad
GBP was weak many times and every one expected it to fall further to become equal to EURO.Now all are bullish in GBP.Players are holding the market and selling to them to drop and buy back for week end and on monday.They are also holding GBP and dropping EURO to drop EURO/GBP.Every move in the market is profit making move by the players.
We will see the drop before the next rise.We could see 1.39-1.40 during that time.GBP is known for big moves.When traders expect drop after interest rate cut the players rise with different interpretations.When traders expect more rise players make other way moves.That is market.
Regards
Dr.Sivaraman