The boom in India

I need dollar pound to drop, got some dollar travellers cheques that need to exchanges back to pounds.

That dollar just seems to keep on climbing. It is however overbought, maybe a small correction will let me make my exchange. it was only $1.62 when i exchanged look it now!

Im not sure how highee JIIW can go now, it way overbought, and thus indian markets are overbought as well. Could see some profit taking by the indians this months and that would bring both JII and JIIW back to healthy levels again.