LET'S PLAY IN THE FOREX..AND NOT GET LOST! Message Board

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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST!

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To: CapitalistHogg™ who wrote (150)	6/18/2007 2:03:22 PM
From: RockyBalboa	Read Replies (1) of 247

All the JPY crosses are nosebleed levels... and no catalyst for a reversal (visible). Today, I thought mid 165 was good enough for the EUR, JPY but it wasn't. The EUR and GB charts have more lives than one might think. It looked as if it could roll over in the 1.32 area but it didn't. Instead it took 1.34 out and is still only an inch below the recent high. It didn't even need a lot of bond improvements. Instead, European stocks took out a new high, rather than bonds recouped some of their losses.

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