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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST! -- Ignore unavailable to you. Want to Upgrade?

To: CapitalistHogg™ who wrote (150)	6/18/2007 2:03:22 PM
From: RockyBalboa	Read Replies (1) \| Respond to 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.