For GU, as for todat, the pivot is at 1.9822. . .first resistance / service at 1.9885. . .it has been broken but not a very clear break...
For GU, as for todat, the pivot is at 1.9822. . .first resistance / service at 1.9885. . .it has been broken but not a very clear break...
Good bounce out of its service by gj. . .thats the power of price action and S and R.. . :--RRB-)...
hi Karthik. Can you also watch the Nikkei and or even the FTSE? How about fundamentals like tomorrow's interest rate announcement?
I believe that market would continue to range between 100-150 pips (for GJ) until the rate announcement from Japan releases...
I just have a high level look dow etc to see how they r doing. . .as for tomorrow rate announcement, I feel that they would hold the rates as such that ought to be good for the market and also we might see a spurt updwards then...I might be wrong though. . :--RRB-). .
As said, cadjpy has fallen 30 pips such as a rock. . .nice day now for trading...:--RRB-)...