Wednesday, April 28, 2010

YEN

Possible Buy set-up in the YEN on a 15M chart. 
Buy Zone 1 ~ 1.0615-1.0620
Buy Zone 2 ~ 1.0598-1.0605
These zones have solid clusters of fib support.  Also, the two main measured moves both have deep retracements, which signals a potentially weak downtrend with a good chance of a big bounce.

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