Monday, July 21, 2008

21 Jul 2008

Reported at 0830hrs SGT
GJ
It went above EMA200, with WMA strongly above it. As such if EMA200 at 211.8 can continue to support GJ, it will climb further high above 214.

First support at212.4 (peaks) then EMA200 at 211.8
Resistance is 214, before the next level at 217(peak Jan 2008). Give a half way mark and you can use 215.5 or 216.

GU
Consolidate after a run up 2.015.
Support is at 1.990 (EMA21), then 1.9840 (around EMA200)

Resistance is at 2.0040 (Fib retracement), then 2.016

1 comment:

Admin said...

A lot of info given on your blog but sounds Greek to me. Back to reading babypips.....Martin