G10 Blah Blah

 

EUR/USD. Weekly range 1.0799 to 1.0542 for 257 pips. Most important break points 1.0667 and 1.0596. Rough Resistance points above 1.0696, 1.0725 and very strong at 1.0740 and 1.0746.

Below Vital 1.0596, next 1.0565 then break point at 1.0542. Below 1.0542 next 1.0532 then 1.0513. At 1.0513 is bottom most point.

EUR/JPY. Weekly range 124.00 to 121.05. Strong strong supports exist at 121.19 and 119.94. Big break points higher 1.2282, 1.2330’s and 1.2340’s. Currently EUR/JPY is overbought.

GBP/USD. Weekly Range 1.2296 to 1.2033. The most important break points at 1.2406 cleared below. We’re working with market levels rather than most important break points. Below 1.2033, next 1.1995, 1.1984 and 1.1926. On the way down, 1.2095, 1.2078 and 1.2072. GBP/USD is currently oversold.

Above 1.2192, 1.2217, 1.2226, 1.2256. We watch 1.2256. The lines falling and driving GBP lower are 1.2335 and 1.2345.

GBP/JPY. Weekly Range 141.11 to 138.10. Most Important break points 141.91 and below 139.50. Above we’ll be watching 140.22, 140.44 and 140.84. Below 139.50 then 138.80’s, 138.54 and 138.10.

NZD/USD. Weekly range 0.6992 to 0.6850. Best NZD can achieve above 0.6992 is 0.6996 and 0.7008. Most important  lines exist at 0.7097, 0.7103 and 0.7173 but not vital yet.

Just realized, forgot USD/JPY. Will send e mail shortly. This outline is our guide for the week, normally its fairly perfect.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s