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DislikedBeljevina,
where do you see that heavy resistance for UJ at 89.8 and 90?
Can't see it in hourly:
AttachmentIgnored
DislikedI see 90.05 as former support turned resistance (solid yellow); is also the 20 day SMA. 89.9 is 50% of the drop from 91.26, 89.8 is yesterday's ceiling; there are also a few other fib benchmarks in the area, and 90 is a psychological hurdle. Sorry, wide H1 chart coming up:Ignored
DislikedJust wondering, (I'm not very familiar with this),
is this a valid "cup and handle"?
Anyone? .................Ignored
Dislikedno cup and handle
"possible "a typical inverted H&S on 1 hour..supp at 139.90..Ignored
Dislikedactually 139.90/140..if it dont test that level,, you can leave a buy order at that level. it will get tested sometime and it will have a bounce .. ill post later a chart with explanations...Ignored
DislikedAdvertisement pair continues to trade near the support line, after adjustment downtrend. Now trade is between 76,4% and 100% of Fibonacci is likely to further movement will continue in the same limit. Alternatively, it is possible that support will be breached and trade will move below 139.00. Classic indicators show the signal to sell, Stohastic after repeated crossings of their sliding downward, moving zigzag, but the RSI is closer to the top of the border zone overbought.
support line - 139.23
line of resistance - 145.35
by: http://forex.yourblog.biz...Ignored
DislikedMight still break through slightly, but I have to think that the BOE statement(s) out in the next 20 min will throw cold water on sterling. It's really silly how sterling hitches's it's ride to the EUR and (again) speculation on Germany giving relief to Greece (which is currently on the wires), when this type of aid can only be detrimental to the EU monetary system & currency - mark my words - EUR (& sterling?) aiding Greece, will actually end up driving both further down in the near future.Ignored