Posted by millionaire | Saturday, April 18, 2009 | 0 comments »


Euro landing slowly around 1.3024 just shy about 40point to 1.2990(23feb high)pullback cannot be ruled out and should contain below 1.3385 and bring another down,in the clearer view euro should bounce first after 1 solid candle closing above 1.3090 and bring a test to 1.3130 and may extent higher toward 1.3285.but if the weakness continue,1.2990 should be in focus.1 valid candle open below that level may risk euro to try 1.2825 first while healthy breakout that level should collapse euro toward 1.2538 (6march low)

candle resistance : 1.3090,1.3185.1.3285
candle support :1.2990,1.2825,1.2520


cable retreat again after make a new high around 1.5068,while below 1.4800 cable still have a risk toward 1.4650 where healthy breakout below that level would bring cable toward 1.4580,meanwhile, failure to establish below 1.4800 may bring cable to rise again to challenge 1.4990 as a nearest resistance.

candle resistance 1.4990,1.5113,1.5356
candle support 1,4750,1.4650,1.4580



Gbp/yen still hovering around in the static range 146 to 149 zone,only a healthy breakout above 149.3 and below 145.8 would give a clear picture.while friday closing with a bear candle,focus now turn again toward 145.13 as a nearest support and may sink deeper to 142.85.1daily candle closing above 148.60 may bring a retest toward previous high 151.50

candle resistance 148.60,149.30,151.50
candle support 145.13,142.80,139.30

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