Monday, April 25, 2011
Hourly Forex Trading Strategy #EURJPY - Short term Weakness to find 118.00-40 sup
As we suspect the market remains in the midst of a larger consolidation triangle, we would expect short term weakness to be limited to the 118.00-40 range as the market sets a base for a stronger recovery to about 121.55 before more range trade. Thus look to buy dips for a rally over 120.00 to herald the next leg of the rally. (Ref:
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