Monday, July 4, 2011

#USDJPY, #GBPUSD, #EURUSD Range Breakouts



The Yen just had a nice breakout in the direction of the main move. A quick gain could be made. Also, TP @ ADR could be a second option. This was a special breakout with the month main move up as well as the change in the weeks move to UP and the days move as well.


Cable has an opportunity too. However, against the temporary main move of the month which still is UP. So, the probabilities of such a trade are smaller.
The same is being observed in other pairs. EURUSD including.

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