Dear Vahid,

I'm looking at the GBPJPY and GBPUSD and have a few things in my mind.
Hopefully you can give me some ideas and help me to learn and understand the market better.

Today the US jobless claim is reported higher than expected and the dow is also down, so that both pairs have long bearish movement.
When I take a look on weekly charts, GBPJPY has reached 61.8 while GBPUSD is on 50.0 level. I have plotted fibo on both pairs from 02 August 2009 to 18 Jan 2009,
( do you think that I have plotted them right?)

In a few days ahead will they keep on going down and reach 100.0 level?
Can I say that RSI(9) for both pairs have showed market is oversold but not exhausted yet?

Than you for your help, I really appreciate it.
Have a nice day.