Thursday, April 28, 2011
Daily Forex Trading Strategy #JPY - Short term Support & Potential Reversal
Holding above the 81.25 level provides a platform for base building and possible recovery to 83.40 but with the potential to renew the medium term uptrend. Must we wary of a prolonged period of 81.25-83.40 consolidation that only represents an interim B wave that projects a final leg of decline to about 79.85 before the market stabilizes for eventual upside reversal to clear 85.50. (Ref:
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