forex tribe's Technical Analysis

Re: Resistances and Supports

Resistances and supports updated the 04/10/2013
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Re: Resistances and Supports

Resistance and support levels are great to observe when trading. However, they are less meaningful when the markets are in significant trending modes. The JPY pairs are currently around significant support and resistance levels and are now retracing. For the current bearish outlook to hold on those JPY pairs, the significant barriers to those bullish interests must be breached to the upside - which is not an easy task.
 
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