Thursday, March 12, 2009

03/12/09 Forex Market Comments

USD/JPY: the momentum of yen's reversal is quite impressive, which reminds us yen is in uptrend on daily chart.

EUR/USD: a trivial breakout formed a pinbar on hourly chart, then found double bottom support at 1.2731 (also a higher low). The real breakout happened at 2:00pm.

GBP/USD: pound breakout the bottom channel, but not in a very decisive way.


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