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Thursday December 9, 2010 - 12:54:16 GMT
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Euro and pound leaning on the bullish
side, though they need to break their 61.8% lines to confirm trend. Yen in a
large range, stuck between two opposing 50%s.
On the daily, between two 50%s. A 50% long at 1.32002 with a
target at 1.35481. The line in the sand is at 1.33374. If we break this level
the longs are confirmed
Short at 1.33107 with a target at 1.31209 (inside a
larger 50% short at 1.33777) acting as
On daily, bounced off 50%
long at 1.5649, and getting close to breaking 61.8% line at 1.58552. Must break
this level and previous low at 1.58367 which is acting as resistance to confirm
Yen (USD/JPY):Between two 50%s, long at 82.345 with target at 84.592. and 50%
short at 84.423, with target at 78.227, which would be an all time low. Must
break out to confirm trend.
Trading analysis written by Diana Rochford for
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