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[Previous entry: "Buying bottoms, AZN daily chart."] [Main Index] [Next entry: "Fibonacci techniques work like magic"]
11/02/2006 Archived Entry: "EUR bullish, JPY bearish."
If you saw my last update, you know I've been bullish on the USD/EUR chart above 1.27 but be careful near 1.28 … If USD/EUR can maintain above 1.28 it's into aggressive bullish trading zone again, but there is a good probability of resistance here. Today's chart is the USD/JPY pair. This chart is bearish until it proves otherwise. There is a support level just below today's prices, but as long as it continues to put in lower swing highs and lower swing lows, the USD/JPY chart is a shorting paradise. The full update with specific support/resistance levels is here: Click here for FibMaster's EUR/USD and JPY/USDchart update. This video will open in a new window. (At some future point these update files will be removed due to space restrictions) Check this chart in coming days, see whether my update was "on the money". Learn to apply these techniques to your own trading here
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