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Friday, 21 November 2008
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Home arrow Trading 101 arrow Market Analysis arrow Euro-Yen 169.34 holds as Pound-Dollar above 1.9850
Euro-Yen 169.34 holds as Pound-Dollar above 1.9850 PDF Print E-mail
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Friday, 27 June 2008
EURJPY Euro Yen Forex Outlook
Time Frame
 System Bias
 Resistance Support Scenario
4-Hour Neutral 169.45 167.62 Although the price hit as high as 169.45, however it was unable to close above 169.34 on the 4H chart for the last 3 candles; intra-day now turns neutral with initial resistance now at 168.90; downside support at 168.00 before 167.62
Daily Uptrend 169.94 164.56 Outlook unchanged as trend is still bullish; downside support now at 166.31, 165.55 and break below 164.56 will turn the daily outlook neutral
GBPUSD Pound Dollar Forex Outlook
Time Frame
 System Bias
 Resistance Support Scenario
4-Hour Uptrend 1.9920 1.9746 Trend is getting clearer intra-day with resistance now at 1.9920 after 1.9850 broken; intra-day support now at 1.9746 area
Daily
 Uptrend 2.0025
 1.9585 Price above 1.9850 now; break above 1.9920 could push the price towards 2.0025 area; 61.8% support line now at 1.9703; ascending line on the daily remains intact
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