Added on 14.02.2005 at 06.24GMT
EURUSD
The pair is currently in the major resistance area. Additional gains will target the 1.3 level but on the other side, the resistance will
probably hold and we will see a reverse of the Asian session rally. Current exchange rate is 1.2938
Trading strategies:
Short at 1.2947, t/p @1.289, s/l @1.2970
USDJPY
Important support is seen in the 104.30/50 area, resistance starts at 105.25 followed by 105.65. The pair will probably reverse, at least
for a small retracement. Current exchange rate is 104.85
Trading strategies:
Long at 104.70, t/p @105.15, s/l @104.45
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