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« Previous Entries Next Entries »EUR/JPY At Crossroads
Tuesday, May 6th, 2008EUR/JPY is currently dating at crossroads wondering which way to go on the mid- and long-term charts. Will it reach for the stars or take to the pits?
In the monthly chart above, the EUR/JPY has developed a wedge over the trendline. Since it’s seasons high of 168.93 in July of 2007, the cross has oscillated between 149.93 [...]
GBP/USD Support
Tuesday, April 29th, 2008Cable, GBP/USD lay siege on the corridor of 1.9676 support. The pair currently trades 1.97.17 from a trend that began in Asian Hours at 1.9890. How far will it go today? The end shall tell.
In the near term the pair is still not out of the woods yet. The falling “hot-knife” syndrome seem to be [...]
GBP/JPY Support Broken
Tuesday, April 29th, 2008Last night we commented on the direction of the GBP/JPY. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.” See yesterday’s post.
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