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Monday, June 1, 2009

Currency market outlook for today 01 jun 2009


For U/J , we can see price touch resistence on friday, then drop back ,Cross the river 94.60 the
best price for sell before it up again . If not cross buy can take over 96 to setup stoch momentom
from OS.
For G/U bullish trend already take place in 4 hours , find the best buy from bottom support.
if not cross the RIVER buy can take in 1.59 area.

Market for G/J already bullish at last week trading, RIVER already cross the 200 MA in 4 hours. The best entry for buy is support line 152 area , 149 area and 147 area.


Bullish also take place for E/U , price will drop 1st because stoch 4 hours already OB, try to find
buy at support area 1.39xx area.


E/J market depend on Euro moverment , yen already weak , if Euro strong mean E/J will up again,

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