** Asia Open: Daily EUR & JPY Trade / Mon. Jan. 23, 2006 **
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Email to a friend Email to a friend     Print version Print version     PDF version PDF version 21 Jan 2006, 10:00 GMT by GCM Reach
Home : Forex Forecasts : ** Asia Open: Daily EUR & JPY Trade / Mon. Jan. 23, 2006 **
** Asia Open: Daily EUR & JPY Trade / Mon. Jan. 23, 2006 **
Forex Technical Pattern Recognition: Forecast & Analysis



EUR

Asian Session Expected Movement: Down

Today's Trade Analysis: Euro still trapped in narrow range, but while 1.2155/75 hold ST upmove, probably will develop a fall to 1.1940 enroute 1.1855

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Supports: 1.2070/1.2020/1.1980 Resistances: 1.2145/1.2170/1.2205

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Plan: Hold 1.2110 entry Stop/re-entry 1.2175, Stop/re-entry 1.2225, 4 fall to 1.2010



JPY

Asian Session Expected Movement: Up

Today's Trade Analysis: Yen’s moved as planned. Now should find support @ 114.80 & return up to 115.95 high; when 116.10 break will reach 117.70 & 118.55

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Supports: 115.25/114.80/114.55 Resistances: 115.65/115.90 /116.30

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Plan: Hold 115.25 entry stop/re-entry 114.75, for advance toward 115.95/116.10



ceo@gcmreach.com

Attached below, you'll find my Asia Trading Session chart analysis & forecast
[read document]
Provided by: http://www.gcmreach.com   GCM Reach

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