Hi!!
Quote:
Market:
Pivot at 1,2439.
We have USDCHF below 1,2440 having made a low today at 1,2374.
We need it now holding below 1,2403 - 1,2409 - 1,2440 - 1,2452 and 1,2495 if we want it down again. It is trading at 1,2426.
While US-Dollar Index keeps trading above 84,40, USDCHF can go up again. It has made a low at 84,49 today. And now is trading at 84,69. It should not break 84,92. Otherwise, EURUSD will go back down.
GBPUSD:
Pivot at 1,9826.
Our beloved beast has made a high at 1,9913. GBPUSD 2.0000 is not far away. Can you imagine? 1 pound, 2 dollars. So, you go to New York and you say "give me two". Nice.
Some shorted it at 1,9846-50 (last year high). No comment. Maybe they make a lot of money or maybe they lose a lot. We do not play that game here. But you are free to do whatever you want with your money.
Remember that 1,9796. OK. In order to keep going up, it should not lose now 1,9801 - 1,9796. If it does, the risk is to 1,9750 - 1,9725 - 1,9695 - 1,9621 - 1,9590.
So, to keep going up, it needs to break 1,9828- 1,9839 -1,9846/50 - 1,9867 -1,9893 - 1,9913 - 1,9925 - 1,9946 - 1,9965 - 1,9990 - 2.0000 - 2.0006 - 2.0025 - 2.0048.
GBPJPY:
Pivot at 240,97
It will be in good health as long as it keeps closing hourly above 240,43 and 239,57. If it does so, it will be set to hit 241,45 again and then 242,09 on its way to 242,50 - 242,90.
First signal of pain will be if it breaks down 240,73 now.
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You've seen it, haven't you?
That about GBPJPY.
Have you seen where GBPUSD has stopped so far: 1,9757.
__________________
Nina
We must fight on the winning side, not on the side we may believe to be correct.
Focus, Patience and Discipline
Last edited by nina; 01-24-2007 at 07:54 AM.
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