cryptocurrency everytime
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USD/JPY at Falling Channel Resistance after "Filling the Gap"
Gap: The USD/JPY opened the week with a dip that shows a gap in most retail trading platforms like on MT4 shown here. After finding support at 98.40, it rallied and filled that gap by the end of the 9/16 session. Falling channel: So far in the 9/16 session, it has been stalling under that 99.35 high and the falling channel resistance seen in the 1H chart. A break above the 99.35 high can clear the falling channel and neutralize the bearish outlook. It might open up the 99.97-100 pivot and psychological level, as well as open up the 100.60 high. The 1H RSI has been holding below 60, a sign of bearish momentum, so if ... (full story)
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- Sep 17, 2013 8:54am Sep 17, 2013 8:54am
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venzen
- Joined Jul 2011 | Status: good | 456 Comments
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- Sep 17, 2013 11:06am Sep 17, 2013 11:06am
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Fx-BigDog
- | Commercial Member | Joined Mar 2012 | 43 Comments
Chief Market Analyst For SwingTraderOnline
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- Sep 17, 2013 11:13am Sep 17, 2013 11:13am
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Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..