Sunday, November 14, 2010

Monday Plan

6B or GBP/USD:
Broke previous' day early then backed and make slight new hi/double top showed sign of reversal. But price seemed to have strong resistance from 1.6180, 3 days high.
Planned:
Watch for critical zone at 1.6180 and 1.6000. Broke above 1.6180 is the sign of trending.

6A or USD/AUD:
Crisp Down-Channel seemed nowhere near breakout.
Planned: Watched the price if move near channel, sign of decent movement.

6E or EUR/USD:
Already broke and pullback 1.3656 at old down-channel. May showed sign of strength.
Planned: Already at critical zone, if upside make new channel, downside probably back to old channel.

Summary:
Light news on EUR and decent news on US may impact to slow moved at London session. If Aisan session was slow, then there's chance at London. Anyway, US may give decent impact to price. Overall market seemed bullish for the 3 major. No significant resistance except for 6B. And if 6B Res cleared, the others may went up freely.

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