Gold Bais Turns Increasingly Towards A Bearish Breakdown
EurJpy Pullback May Be Over at 97.50 Levels
News: 2012-07-19 07:57:15 UTC+00 10 months, 12 hours, 58 min. ago
GbpChf Targets Above 1.54 Till 1.5230 Is Intact


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Technical Outlook and Chart Setup:
As we discussed earlier, the structure still remains the same. If we take a look at a bit more smaller timeframe, prices remain locked between 1.52 and 1.53. This could possibly be the consolidation before the last leg towards 1.54 and then reversing. Yesterday’s low will be of interest here at 1.5236. Until this low is intact, prices will head north.
Trading Recommendations:
Buy with a strict stop at 1.5200, target 1.5400.

Good Luck!

Performed by
Analytical expert: Harsh Japee
InstaForex Group © 2007-2013
 Published: 2012-07-19 07:57:15 UTC+00 10 months, 12 hours, 58 min. ago

 
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