1.2576 - 38.2% of 1.2699-1.2500 (tested)
1.2580 = former low and top of 1.2570-80 res
1.2600 = 50%
GVI Forex Jay Meisler 14:50:13 GMT - 10/06/2014
As posted on GVIForex --
Monday's Trading Outlook
GVI Forex Jay Meisler 14:28 GMT 10/06/2014 - My Profile
I like to fade first tests of my levels, gets a little trickier the more times tested as day stops tend to build but 1.2570-80 is still the resistance blocking 1.2600.
london red 14:00:43 GMT - 10/06/2014
bull trap set in last minute for yen. back in channel and favorite now to fill gap
GVI Forex john 13:54:02 GMT - 10/06/2014
Most here do not give Jay much feedback on his skill at picking trading levels. Note how he called EURUSD 1.2570-80 as resistance before the market opened for the week. High has been 1.2570
For thosde who have not signed up for his weekly video, I suggest doing so now
yen. has broken abv upper channel line on hourly chart recently. channel well defined and in play since asia. but im wary here given the big 109 expiry and gap still to fill down to 109. i would reassess that thru 109.60, with 110 the focus then.
london red 12:53:33 GMT - 10/06/2014
euro. 47/50 now becomes support. its the last line before 38 (-2% 21dma). below 38 i would expect sellers waiting to sell blips higher to chase the pair down as by then it would be clear that the intraday high is in and pair would be favorite to test fib/barrier before another attempt to rally could be considered.
topside remains 71 prev high 76 fib 83 prev low and 50 hour ma with the hourly trendline at 87 (falling about 1.5 pips evry hr). 50% fib at 12599. further 12610,14,21 - dont expect that to be breached today.
GVI Forex Jay Meisler 12:45:59 GMT - 10/06/2014
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