april
NEWS: GBP 2:00 AM est Nationwide HPI
JPY (tentative) BOJ Press Conference
2:00 AM est BOJ Outlook Report
CAD 8:30 AM est GDP
USD 8:30 AM est Unemployment Claims
EUR/USD rallied up over the 50 day MA and found resistance at a long range trend line where
price quickly sold off back into the weekly range after testing and failing the trend line. The trend
is UP watch for price to possible sell off after the strong selling from just above the 1.3300 level.
If price does sell off, the next key fib retracements for the week’s high/low are 1.3200,
(1.3166-1.3152), and 1.3113. These are the major fib retracement levels, as well as, fib clusters
from other swings. IF price breaks through Wednesday’s high and rallies, you may attempt to buy
the breakout, but watch for possible resistance at the fib targets of 1.3423 and 1.3475.
GBP/USD rallied up above the 20 day MA and found resistance at the long term 62% retracement
just above the 1.4800 level then sold back off into the day’s range. IF price continues the bullish
trend and tests the highs of the day, the next potential resistance are the fib target clusters beginning
at 1.4928 and 1.4968. IF price reverses and sells off the current key weekly fib retracements for
potential support and a chance to reenter the uptrend are 1.4666 and 1.4630.
USD/JPY rallied heavily back to a previous trend line that was once used as strong support and is
now testing as resistance. The highs of the day are at the 50 day MA. If price rallies, the next
strong potential resistnace is the long term fib retracement of 98.54 and the next (fib target/weekly
pivot) at 98.85. IF price sells off, 96.79 and 96.51 are the weekly 50/62% retracements and
95.63 is the weekly/monthly low for possible support. The Bank Of Japan is having a press
conference, however the time of the conference is currently tentative so use caution.
USD/CHF sold off below last week’s lows and the 200 day MA but rallied quickly to close the
day’s price above this support zone at the time of publishing this letter. The trend, however, is
still down so use the possible light support at the fib target’s from the most recent swing including
Wednesday’s price range are currently 1.1243 and 1.1209. IF price rallies, the next fib retracement
clusters where price may bounce begin at 1.1448 and 1.1483.
USD/CAD sold off rapidly after the opening of the London trading session and found support for
the ultimate low of the day at the 1.2000 level which was also near the low of the month. IF price
breaks down below the 1.2000 level, you may attempt to sell the breakdown, however, be
cautious of a false breakout. IF price rallies, 1.2159 is the 62% retracement for the week and
1.2247 is the next major 50% fib retracement for potential resistance.
Tags: 2009, 30, april, daily, plan, review
NEWS: GBP 6:00 AM est CBI Realized Sales
USD 10:00 AM est CB Consumer Confidence
CHF 11:00 AM est SNB Chairman Roth Speaks
JPY (all day) Bank Holiday
NZD 11:00 PM est NBNZ Business Confidence
EUR/USD found resistnace at a long term trend line last week, resulting in the sell off on Sunday and continued on Monday as price sold off rapidly below the 20 and 50 day MA. The immediate and longer term trend is obviously down, so watch for the fib retracement levels from last week’s high to this week’s low for possible resistance and a chance to reenter the downtrend. The current fib levels from the previously mentioned swing are (1.3100-1.3114), 1.3150 and 1.3185. IF PRICE makes a new lower daily low below 1.3000, then redraw the fibs from the previously mentioned swing to the new daily low and use these levels instead! (VERY IMPORTANT!) IF price continues to sell off, the next current fib target clusters begin at approx.1.2929, and at 1.2885.*
GBP/USD had a lower volatility day as price is stuck between the 20 and 50 day MA’s and pricesold off to make new daily lows, then rallied to find resistance at the 20 day MA. IF price ralliesup again, watch for possible resistance at last week’s high of 1.4772 but IF price breaks this level,this may precede a breakout trending day to the long side, although be cautious of false breakouts.The next resistnace at the fib targets at 1.4912 and 1.5000.* IF price does not break last week’shigh and sells off on Tuesday, watch the 1st buyzone from (1.4416-1.4400) (fib target and lastweek’s low) then at 1.4355 (fib target and major fib retracement level) for your possible support levels.
USD/CHF sold off last week and found ultimate support at the 200 day MA and just below a majortrend line from a long term consolidation wedge pattern. Price quickly rallied 240+ pips resultingfrom the false breakout on the long term consolidating wedge and rallied above the 20 and 50 dayMA’s! Price could be ready to continue the rally and test the TOP of the consolidation wedge if the bullish price action continues. Watch for pullbacks to the retracements from the 1.1500 zoneand 1.1476 and 1.1446 levels for a chance to reenter the uptrend. The next levels where you mayfind potential resistance or a chance to take profits from long positions are 1.1700 and 1.1742!
(fib target clusters and recent highs from previous swings.)
USD/CAD sold off to double bottom at last week’s low then rallied to find resistance at a 38% fibretracement for the ultimate high of the day in the 1.2200 zone at the time of publishing. Price maybe ready to rally again and test the 20 day MA and possibly 50 day MA toward the end of the week.IF price does rally, the next key retracement zones begin at 1.2273 and 1.2320 for possible resistance. IF price SELLS OFF again, the weekly low and low form last week is 1.2075 which MAY be light support but use CAUTION as this will be the 3rd time this level has been tested for support in the last 3 days and is more prone to break through the level resulting in a downtrending bearish type day on Tuesday. The next possible support is low from two week’s ago swing and the monthly-mid point starting from 1.2000-1.1973.
Tags: 2009, 28, april, daily, plan, review
NEWS: EUR 4:00 AM est German Ifo Business Climate
GBP 4:30 AM est Prelim GDP / Retail Sales
USD 8:30 AM est Core Durable Goods Orders
10:00 AM est New Home Sales
ALL DAY G7 Meetings
EUR/USD exploded up over the 50 day MA and is approaching the 20 day MA and close to a long term trend line. Watch closely to see if price manages to rally over the 1.3150 level which was a sell zone and was strong resistance late in the afternoon on Thursday. IF it does, the next possible resistance is the fib retracement of 1.3200 and the next fib target cluster beginning at 1.3263 and is marked by a sell zone in the trade zones on your charts. IF price does find resistance at the 1.3150 level and sells off watch for the next 3 buy zones in the trade zones which will indicate possible support as determined by major fib retracements at 1.3055 and 1.3023.*
GBP/USD reversed for the 4th day in a row this week, as price has bounced from the 20 and 50 day MA’s multiple times creating this ranging type of price action. Price found resistance at the 20 day MA and has since begun to sell off to potentially test the fib retracements from Wednesday’s low and Thursday’s current high. IF price does sell off and test the previously mentioned fib levels watch for a possible bounce and light support at 1.4608, 1.4570 and 1.4527. If price rallies and breaks from the top of the previously mentioned range, you may find resistance at 1.4811, then the fib targets of 1.4872 and 1.4954.
USD/JPY is stuck in consolidation as price is between the 20 and 50 day MA’s and didn’t manage to make a higher high or lower low then the previous day on rather low volatility. IF price breaks below the 50 day MA then price may be ready to trend down for the rest of the day, but watch for possible light support at 97.18 and the next STRONG possible support at the zone from (96.73-96.57) which contains fib targets, retracement, and a weekly pivot all within the same zone. IF price finds support and rallies, the current potential resistance is the major fib level retracements from the monthly HIGH to the current monthly LOW at 99.05, 99.51 and 100.00.
USD/CAD had a heavy sell off below the 20 day MA and found the lows of the day at the next major 50% fib retracement level. Price is now below the 20 and 50 day MA’s and still well above the 200 day MA as price found resistance earlier in the week at a major trend line seen on a daily chart so the short term and intermediate term trend bearish. Watch for support at the 1.2193-1.2175 zone if this level has not been tested on Friday. This represents a cluster of strong support with major fib retracement, fib target and monthly pivot. The next possible support is 1.2142. IF price rallies after the strong sell off from Thursday, 1.2329 is the next 38% fib retracement and previous area of strong support which may now act as possible resistance! The next fib retracement is 1.2363 for potential resistance.
USD/CHF, just like the USD/CAD found strong resistance at the top of a long range trend line which has formed a consolidating wedge pattern seen on a daily chart. Selling pressure from this level lead to the continuation of the bearish price action in the beginning of the week and eventually the huge sell off on Thursday. Price is currently below the 50 day MA and above the 20 day MA. The trend is likely down on Friday, so watch for the fib retracements from current weekly high/low swing for a chance to reenter the trend at 1.1594, 1.1622 and 1.1650. IF price does continue with the downtrend the next possible is the support cluster beginning at 1.1410* and the next fib target at 1.1354.
Happy trading!!
Tags: 2009, 24, april, daily, friday, plan, review
NEWS: GBP 4:30 AM est Claimant Count Change / MPC Meeting Minutes
USD 9:00 AM est Treasury Sec Geithner Speaks
10:30 AM est Crude Oil Inventories
EUR/USD had a very slight retracement on low volatility after the large sell off below the 50 day MA on Monday and should result in an NR7 inside day (Narrowest Range of last 7 days with the price action inside of the previous day’s high/low.) These types of days usually proceed a breakout type heavily trending day so use caution! The longer term and intermediate term trend is still bearish, but watch for possible support at the 1.2900 level again which is near the weekly/monthly lows where price has stalled multiple times already. The next major fib support cluster for stronger possible support begins at 1.2786. IF price rallies use the fib retracements from last week’s high to this week’s current low for your possible resistance at 1.3080, 1.3140 and 1.3200.*
GBP/USD also rallied after double bottoming at Monday’s low and retracing to the 38% retracement of the sell off which began last week and also tested the 20 day MA for resistance. If the downtrend is to continue, watch for possible resistnace at the next major fib levels beginning at 1.4767 and 1.4836. 1.4480 is near the lows of the week and if tested may again be support but IF PRICE breaks down
below these levels you may choose to sell the breakout. You may also wait to see if price breaks out below this level, then retraces and uses the previous support now as resistance for a chance to reenter the long term downtrend. Next possible support is 1.4364 and 1.4258 zones which are also the next two buy zones on the chart. (These may also be good areas to take profits from prior short positions.)
USD/JPY reversed from Monday’s selloff and found support at a long term trend line best seen on daily chart, then rallied to the 200 day MA which was the ultimate high of the day. Price is between the 50 and 200 day MA’s so difficult to determine trend direction for Wednesday. IF price rallies, 99.12 is the next major 38% fib and 99.56* is the next STRONG potential resistance at this is a fib cluster which should provide some type of resistance if the FXPI and FXMM’s are in agreement. If price sells off, the daily and weekly lows of 97.67 and the fib target of 97.17 are possible support.
USD/CHF had another low volatility day with 56% movement of its ATR (average true range) and managed to sell off to double bottom at the weekly lows. Price is still above the 20/50 and 200 day MA’s so technically the longer term trend is UP, but if price breaks below the weekly lows at the 1.1650 level, be prepared to possible sell the breakdown, THEN watch for potential support at the next fib levels of 1.1574 and 1.1523. IF price rallies over Tuesday’s high, the next possible resistance is 1.1766 (weak resistance) and then stronger possible resistance at 1.1855 (fib target AND monthly pivot.)
USD/CAD continued the big rally from Monday and rallied upto the 50 day MA and sold off sharply from the 1.2500 level just before the sell zone and major fib retracement. Because of the strong reaction from this level, price actually sold off to make new weekly lows, which may indicate that price is going to be bearish on Wednesday or Thursday. IF price again rallies, the 1.2500 level up to 1.2525 could againt be strong resistance so watch this particular zone. IF the selling pressure from this zone continues the sell off, the next major fib levels for possible support are 1.2300, 1.2243 and 1.2200.*
Happy trading 
Tags: 22, april, daily, review
NEWS: GBP 4:30 AM est CPI
EUR 5:00 AM est German ZEW Economic Sentiment
CAD 9:00 AM est BOC Rate Statement / Overnight Rate
USD 10:00 AM est Treasury Sec. Geithner Speaks
AUD 9:30 PM est CPI
EUR/USD sold off for most of the day and trended down well below the 50 day SMA continuing the steep downtrend that began last week as price made new monthly and new 10 day lows. Price is still obviously very bearish but may need a retracement at some point or a correction to the long side after the 500 pip drop beginning last week. Watch for possible strong support beginning at 1.2800 which represents a cluster of a fib target, weekly pivot, whole number, and bottom of a major trend channel best seen on a long term chart such as a day chart. IF price rallies, the CURRENT fib retracement for THIS week’s high/low are 1.2975 and 1.3000 for light resistance and the fib levels from last week’s high and Monday’s low are at 1.3080 and 1.3140 for stronger potential resistance.
GBP/USD also sold off below the 20 day MA heavily at the beginning of the trading session and for most of the morning with very little pullbacks until the afternoon consolidtion. Price has now triple topped and found strong resistance at the 1.5000 zone which may indicate that the longer term trend is now bearish, combined with late last week’s strong sell off. IF price is to continue to sell off, 1.4466 is the next longter term 62% retracement level and weekly mid-pivot then 1.4360 is a cluster of a fib target, retracement and weekly pivot for the next potential support zones. These levels are also identified by the trade zones on your charts. IF price needs to retrace and rally before continuing the sell off, watch the fib levels of approx. 1.4700-1.4720 and at 1.4783* for possible resistnace levels and a chance to reenter the downtrend if price does manage to bounce.
USD/JPY broked down below and out of a consolidating wedge pattern seen on a daily chart and long term trend line resulting in the big sell off even with the strong USD! Price sold off below the 20 day MA and is above the 50 day MA which may get tested on Tuesday or early this week. Watch for price to rally and retest the previous support level and possibly use it now as resistance. The most recent fib levels which may allow a chance to reenter the breakout and downtrend are 98.46, 98.71 and 98.96. Again, use capture lines as your entry if you choose to take these trades for the safest entry. IF price sells off, watch the 50 day MA which is in approx. the 97.20 area at the time of publishing. Also the net fib retracement of 96.60 is a long term fib retracement level for possible support if this level gets tested on Tuesday.
USD/CHF managed to rally up slightly on low volume and lower volatility but did make new monthly and new 10 day highs. USD had been in conflict with the CHF for most of the day resulting in the difficult trading conditions. Always try to use the strongest pair VS. the weakest for your best trading opportunities. IF price rallies, the next possible resistance is the fib target at 1.1769 and the fib target and monthly pivot of 1.1857.* IF price sells off, 1.1687 was last week’s high and may now be support if tested. Also use the first 3 buy zones on the chart for your most relevant fib levels for potential support.
USD/CAD exploded up today moving 180% of its daily ATR (average true range) as price rallied through last week’s resistnace and highs and over the 20 day MA before finding resistance at a fib retracement and 1.2400 level where price currently is at the time of publishing. PRICE is obviously still very bullish based on the strong USD and weak CAD so use caution taking counter trend trades on such strong trends. Use your FXMM’s and FXPI as a filter when deciding to do so. The next resistance is possibly the next long range fib retracement of 1.2524 and the monthly pivot from 1.2626-1.2650 which may be strong resistance if this level is tested on Tuesday or early this week. The fib retracement levels from last week’s low and Monday’s CURRENT high around 1.2400 which may be SUPPORT are 1.2237, 1.2190* and 1.2140. One of these levels are likely to offer support and a chance to reenter the strong uptrend from Monday’s bullish momentum!
Happy trading
Tags: 2009, 21, april, daily, plan, review, thursday
Today there was one breakout trade with simple technic of GBP/JPY breakout trading i took short on 145.25 on closed m15 candle. I put market order with 50 pips SL and 50 pips take profit. Trere is nice idea to get out with this tool when the blue line cross over the price You can get out. I had to go so i put simply Take Profit and Stop and went out. See chart below nice and easy 50 pips profit.

Tags: 16, 2009, april, breakout, gbpjpy, trade
NEWS: JPY 2:00 AM est BOJ Gov Speaks
USD 10:00 AM est FOMC Member Evans Speaks
AUD 9:30 PM est Moetary Policy Meeting Minutes / RBA Gov Stevens speaks
EUR/USD sold off early Sunday night below the 50 day MA and made new monthly and new 10 day lows. If price continues to sell off for Monday, watch for a bearish break out trending day as the 1.3000 level is key support. The next possible support will be light support at 1.2880 and the fib target and whole number at 1.2800. IF price gives a false breakout to the short side and rallies, the monthly and weekly pivots in the 1.3150 zone, then the next major fib retracement and whole number at 1.3200 are your potential resistance.
GBP/USD also sold off hard early Sunday night and should at least test the 20 day MA for support if price continues to drop. 1.4700 is the next fib cluster and 1.4588 is the next major fib retracement and may be strong support if tested on Monday. IF price finds support and ultimately rallies, draw fibs from the lowest low of Sunday night/Monday and use these levels from last week’s high for your major resistance points. Price is currently making new daily/weekly lowers lows at the time of publishing.
USD/JPY was beginning to sell off early Sunday night as even with the strong USD, the JPY was the dominant currency and resulted in the sell off and the test of the long range trend line and the 200 day MA. Watch for possible support at 98.15 (last week’s low) and the next monthly pivot at 97.35. IF price rallies, 99.75 is a major fib retracement and the high of last Thursday which may be resistance
the first time this level is tested again on Monday or early this week.
USD/CAD has rallied up to test the previous strong support now as potential resistance. 1.2175 is the beginning of the previous zone which is being tested currently. The next possible resistance is 1.2263 and 1.2350 as the next major fib levels from last week’s low and last month’s high. IF pricefinds resistance and sells off, 1.2000 is the beginning of the current monthly low which may again be support.
USD/CHF had a huge rally on Friday and made new monthly and 10 day highs as price is now over the 20 and 50 day MA’s. IF the momentum continues and price continues to rally, the next light resistance is the fib target 1.1770 and the fib target and monthly pivot at 1.1860.* If price sells off the current fib retracement levels from last week’s high/low are currently 1.1559 and 1.1511*, however, IF PRICE makes a new daily high ABOVE 1.1700 then redraw these fibs and use thenew levels for your support points for Monday.
Happy trading
Tags: 20, 2009, april, daily, plan, review
NEWS: USD 8:30 AM est Building Permits / Unemployment Claims
1:00 PM est FOMC Member Lockhart Speaks
NZD 6:45 PM est CPI
EUR/USD did manage to sell off somewhat as predicted after price bounced hard from the 20 day MA on Monday. Price may still be bearish but don’t be surprised if price does rally up to retest this 20 day MA level again for resistance. IF price rallies, the weekly current 62% retracement is 1.3296 and the weekly high of 1.3393 may again provide resistance. IF price sells off, last week’s low of 1.3090 has been support before and may again provide a nice bounce, then the next fib target from the week’s current high/low is 1.3051.
GBP/USD rallied up to make new weekly and 10 day highs before stalling around the key 1.5000 level which is currently the high of the day. IF price continues to rally, 1.5115 is a monthly-mid pivot and fib target and 1.5152 is the next major fib target for light potential resistance. IF price sells off from this week’s strong rally, watch for possible support at 1.4810 (fib retracement cluster) and 1.4755 (next major fib retracement level.)
USD/JPY sold off hard to begin the trading session then rallied for the rest of the day as price found strong support at the 200 and 20 day MA’s. For tomorrow’s possible resistance watch for the zone beginnning at 99.73 and the next major fib retracement 100.18. If price sells off again, watch for the lows of the week around the 98.00 level as this is also a major fib retracement and then next support cluster at 97.36 (monthly pivot.)
USD/CHF also attempted to rally after the huge sell off from Monday, and found the highs of the day just above the 50% retracement. IF price again rallies, the 1.1500 zone begins a level with resistance clusters and 1.1541 is the next fib target. IF price sells off, 1.1317 is just above the weekly lows and 1.1243 is LAST week’s low price for the next potential support.
USD/CAD did manage to rally and retest the previous major SUPPORT as RESISTANCE and continued the selloff as predicted to make new monthly and 10 day lows. IF the sell off is to continue on Thursday, the next support is the fib target of 1.1925 and strong potential support in 1.1800 zone contained in the 1st and 2nd buy zones. IF PRICE rallies, watch for specifically, 1.2190, 1.2247 and 1.2303 as the fib retracements from last week’s high to this week’s current low that may be support!
Happy trading
Tags: 16, 2009, april, daily, plan, review
NEWS: USD 8:30 AM est Core CPI
9:00 AM est TIC Long-Term Purchases
10:30 AM est Crude Oil Inventories
EUR/USD sold off from Monday’s high at the 20 day MA and found support for the ultimate low of the day at the 62% retracement of the week. Price appears to be bearish for Wednesday, due to the selling reaction at the previously mentioned levels from Monday’s high. IF price does rally, look for a chance to reenter the downtrend at the current 62% retracement of 1.3328, then again at the weekly high of 1.3392. The next potential support is the 62% retracement from last week’s low and this week’s high at 1.3205, and Sunday night’s low and the fib target at 1.3124 but use caution taking countertrend if the FXPI is extremely weak.
GBP/USD had a lower volatility taday but managed to extend the gains from Monday and had a slight rally on choppy trading conditions. IF price rallies up again, the next possible resistance is last week’s high of 1.4960 and the strong possible resistnace at the 1.5075** zone. (fib target cluster from multiple swings. IF we get a sell off, 1.477 zone is a 50% retracement for the week and previous strong resistnace level which should now act as strong support if tested on
Wednesday! 1.4733 is the 62% retracement of the week and weekly pivot for the next possible support.
USD/JPY ended up selling off almost the entire day as price dropped through support and found the low of the day right at the 200 and 20 day MA’s. These may provide strong support but overall the intermediate trend is bearish, so watch for another sell of day if Tuesday’s lows are broken to the short side. IF price rallies, look for a possible chance to reenter the downtrend at 99.73 (fib retracement cluster) and at 100.00 (weekly 62% retracement and double whole
number.) Watch for the next possible support at 98.06 as STRONG potential support, especially the 1st time this level is tested as long as the FXPI is not ultra weak.
USD/CHF bonced from the 200 day MA and rallied on Tuesday, but price is stuck between the 200 and 20 day MA and still below the 50 day MA so difficult to predict trend direction for Wednesday. IF price sells off below 1.1300 then 1.1244 is last week’s low and 1.1161 is last month’s low for the next possible support levels. IF price rallies, 1.1454 and 1.1490 are the weekly fib retracement levels for possible resistance.
USD/CAD did manage to sell off below strong support as identified in yesterday’s trading plan and trended down for most of the trading session. Price is still bearish but is currently rallying to retest the previously strong support level for resistance. 1.2190 begins the cluster of this resistance for possible chance to reenter the downtrend on late Tuesday or Wednesday when more trading volume enters the market. The next resistance above this is 1.2272. IF price does continue the downtrend, you may experience light support at the fib target of 1.2035 and also beginning at 1.1920.* These areas MAY also be good places to take profits if you are in a short from the previously identified resistnace zones.
Tags: 15, 2009, april, daily, main, plan, review
NEWS: USD 8:30 AM est Core Retail Sales / PPI
10:30 AM est FOMC Member Evans Speaks
1:30 PM est Fed Chairman Bernanke Speaks
EUR/USD reversed from last weeks strong sell off and rallied to the 20 day MA and 62% retracement of last week’s sell off and found resistance for the ultimate high of the day. IF price sells off from this level, use the fib retracement zones beginning at the fib levels from last week’s low and this week’s high as your potential support. 1.3277, 1.3241 and 1.3205 are the beginning of the previously mentioned zones which may offer support. IF price continues the rally from Monday and rallies through resistnace of Monday’s high, then next potential resistnace are the fib target clusters of 1.3500* and 1.3582.* Both of these zones have multiple levels of resistance and may cause strong selling the 1st time they are tested.
GBP/USD also had a big rally above last week’s consolidation pattern and has currently found resistance at the monthly pivot for the highs of the day. Price action for Tuesday is still looking bullish, especially if price rallies above Monday’s high. The next possible resistnace begins at 1.4958 which is last week’s high and a fib target cluster. IF price sells off, 1.4780 was a previously strong resistance level and may act as support if tested on Tuesday and 1.4690 is a 62% retracement of last week’s low from Monday’s current high!
USD/JPY sold off to last months high which has now acted as support multiple times and was the ultimate low of the day for Monday. Difficult to determine the trend for the day on Tuesday. IF price rallies, watch for possible resistance at 100.73 then at the monthly pivot of 101.17 for light resistnace. If price sells off below the previouly mentioned support level of 99.85, the next support is 99.34 and 98.70 for strong possible support.
USD/CHF sold off over 300 pips to just above the 200 MA and long term trendline. IF price retraces watch for a possible entry to get back into the downtrend at 1.1420, 1.1455 and 1.1491 as the daily fib levels for Monday. IF price does continue to sell off, the next possible support will be 1.1243 as last week’s low and last month’s low of 1.1161.
USD/CAD sold off on light volume and found support at last month’s low of 1.2193 which is also a monthly pivot. Price is bearish and if this level is broken tomorrow to the short side, you may attempt to sell the breakout. The next possible light support is the fib target at 1.2112 and fib target cluster and weekly pivot of 1.2039.* IF price rallies, the 1.2300 zone has been strong resistance before and 1.2323 is the next longer term 50% level for possible resistnace.
Happy trading
Tags: 14, 2009 review, april, daily, plan