DislikedGBP/JPY : Corrective consolidation or rebound phase ... might give 169.10-40 at first ... Critical support is considered around 167.70 zone for today ... Attachment ... simplified view ... only very few levels ... if not higher than 170.12 then further downside attempts again ... clean cut of below 167.70 would re-open the downside ... No bullish continuation unless a clean cross of above 170.72 hurdle ... more likely capped for now ... ;-|Ignored
EUR/JPY :
Similar trading procedures has been done with this pair. Currently we are short since 141.797 and 141.892 ...
This way ... as shown in chart here ... Attachment ...
But as it is a Monday ... and ROLL is not far away anymore ... therefore we will tend to unwind soon ... irrespective of "so-called" technical setup reasons ...
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts