You could use Weekely/Monthly SRs (Weekly R1-107.49, Weekly R2 - 108.19, and so on) as a guide. Now that it almost hit 200SMA in the daily chart, a lot of traders must be on the sideline now until it shows a clear direction.
Good luck to all.
i think its time to bounce back down now....if it didn't we may break R3 at 108.20-108.30....any ideas guys ?
hey chonchy the camarilla r4 is 106.93 we've already gone way beyond that
The e/j is still up....... the u/j is still up........the e/u is still down...... and the g/u is still down....... I hope that tells what you need to know.......
thanx dove...good points...am just trying to read the future
anyway its still early to make some short moves...
but what is the explanation of that EURO is defining the JPY movements in so many times....like what happened last week...
The E/J always move 100 pips or more, every single day...... Some times it will even move 200 pips in a day....... Why? I have no idea, except it is always faithful.......
thanx dove i appreciate it...so i suppose you are the guardian angel for this thread....keep up the good work...manythanx in advance
The pound will move more on an announcement than any other currency pair...... when it moves, it moves........ The data is negative for the pound.
