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Current GBP/JPY and EUR/AUD Trading Plans

Discussion in 'Commercial Trade Journals' started by Mark Mc Donnell, Dec 21, 2011.

  1. Mark Mc Donnell

    Mark Mc Donnell Forex Early Warning Representative

    Jan 20, 2010
    Likes Received:
    The JPY exotics should move higher tonight however all of them have nearby resistance. One pair we like is the GBP/JPY due to not having any resistance past the alarm price.

    GBP/JPY – set buy alarm at 122.50, room to move up to the 125.50 resistance and the D1 trend should form past the alarm price.

    EUR/AUD – strong long term downtrend in place, this pair has almost no historical support left. We estimate the final support at 1.2925 so set a sell alarm here and if it breaks this price the trend should carry it lower.

    When the price alarms hit verify any buy or sell entries with The Forex Heatmap ™ and look for GBP strength or JPY weakness or both on the GBP/JPY or EUR weakness or AUD strength or both on the EUR/AUD.

    Good Trading
    Mark Mc Donnell
    Spot Forex Trading Plans Across 28 Currency Pairs
    $19.95 per month

    10-7-2011 Main Session GBPJPY Buy Signal.
    #1 Mark Mc Donnell, Dec 21, 2011
    Last edited: Dec 21, 2011

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