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rufffen · 16-07-2006, 08:36

EUR/USD mid-term update: This item looks like it's going to reach 2510-2540 in next 2 weeks, from that point onwards, its decision time, either it rebounds to 2880 area of dips lower beyond monthly support zone (2420-2510) to 2340. Id say support is strong, so likely to revisit 2880 before dipping beyond 2500.

GBP/USD mid-term update: This item will trade below current levels, however losses limited with 7900-8080 area, which is monthly support zone. Good idea to buy recent June lows for a retest of the July highs, Id say any losses below 8000 are capped.

Currently Im looking to short GBP/USD topping action around 8480-8520, TP +120 SL 8580, updated on the first page of the thread in the attachment.

16-07-2006, 08:36	#41
rufffen Zone trading Join Date: Jun 2005 Posts: 1,058 Downloads: 2 Uploads: 0 Rep Power: 5	Re: EUR/JPY CYCLES UPDATE Part1 EUR/USD mid-term update: This item looks like it's going to reach 2510-2540 in next 2 weeks, from that point onwards, its decision time, either it rebounds to 2880 area of dips lower beyond monthly support zone (2420-2510) to 2340. Id say support is strong, so likely to revisit 2880 before dipping beyond 2500. GBP/USD mid-term update: This item will trade below current levels, however losses limited with 7900-8080 area, which is monthly support zone. Good idea to buy recent June lows for a retest of the July highs, Id say any losses below 8000 are capped. Currently Im looking to short GBP/USD topping action around 8480-8520, TP +120 SL 8580, updated on the first page of the thread in the attachment.