- See more at: http://blogtimenow.com/blogging/automatically-redirect-blogger-blog-another-blog-website/#sthash.CpFtWfic.dpuf Traders digest: JP morgan

Wednesday, 19 September 2012

JP morgan

"EUR/JPY latest break above key-resistance between 100.67 and 101.65 -0. 38.2 %/-last major top in  provides a strong reversal signal . Confirming this reversal is the daily lagging line which displayed two consecutive higher close above the cloud currently at 101.63.
Such a break, according to JPM, gives room to challenge the last major resistance barrier on big scale at 107.36/108.60.
On the downside, breaks below 100.67 & 99.50-minor 38.2 %would on the other hand reverse the positive bias again"

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