Posted by millionaire | Sunday, April 26, 2009 | | 0 comments »



Euro rebound toward daily trendline after failure 1.2871 previous support high 11mac.While price below 1.3330 im still view this rebound only to gain momentum for next downside target,however in case 1.3417 have a valid breakout,euro may retest 1.3584 zone.in the downside,focus turn toward 1.3126(16april low),one healthy breakout below that level should resume euro to attempt 1.3090 as a nearest support and may deeper to 1.2990

candle support: 1.3180,1.3130,1.3080,1.2990
candle resistance 1.3330,1.3415,1.3515,1.3590


Gbp/usd currently located below daily trendline,high low candle in the yellow circle should be in focus in the longer view,we need a confirmation within nice breakout below 1.4580 level in the shortest term,where when price establish below that level focus should turn toward 1.4380 and may deeper toward 1.4290 30mac high.Meanwhile in case price rebounce above 1.4800,cable may soaring toward 1.49542 (14mac high)

candle support: 1.4580,1.4385,1.4290
candle resistance: 1.4785,1.4942,1.5064


Take a closer look at 4candle inside the yellow circle,nice rebound as a price testing below gbp/yen trendline,now 4candle below should a focus as our downside target.Last week price action still fail to breakout 140.50 as nearest strong support(30mac high) There are 5attempt failure and created gathering support.While price above lower daily trendle price may rebound anytime toward 145.14(21april high)where breakout above that level may risk gbp/yen toward 1.4654(16april low),but if the weakness continue,141.50(5mac high) should be in focus where healthy breakout below that level may slip gbp/yen toward 140.50 as a nearest support or may sink deeper toward 136.53(12mac high)

candle support: 141.50,140.50,139.30,136.53
candle resistance: 145.14,146.53,148.60,151.40

*up down price movement always tend to collapse your capital:p,plan your trade.cut the loses fast and let the profit run,gud luck:)

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