October 23, 2011
The Greek Bailout
Hello Everyone,
Last week was super slow as traders were hesitant to commit to a position due to the uncertainty with the Greek bailout situation. With that said I anticipate more volatility this week as the situation becomes clear.
Anyway lets get right into the forex market reversal levels.
Until next week, peace and prosperity,
Jeff Wilde
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Key Market Reversal Levels for Oct 24 - Oct 28 |
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GBP/USD |
EUR/USD |
AUD/USD |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.6383 | 1.4336 | 1.0767 | 127.25 | 113.66 |
| Turning Point Down #2 | 1.6238 | 1..4128 | 1.0580 | 125.00 | 110.30 |
| Turning Point Down #1 | 1.6055 | 1.3915 | 1.0387 | 123.31 | 107.10 |
| Turning Point Up #1 | 1.5750 | 1.3644 | 1.0110 | 120.00 | 104.50 |
| Turning Point Up #2 | 1.5587 | 1.3500 | 0.9934 | 116.80 | 102.90 |
| Turning Point Up #3 | 1.5417 | 1.3333 | 0.9747 | 112.50 | 100.70 |
| Intermediate Trend Direction | Up | Up | Down | Down | Down |
| Major Trend Direction | Up | Up | Up | Down | Down |
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***VERY IMPORTANT: If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of Here is a video that will teach you how to get the most out of this newsletter. TO VIEW |
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Filed under Blog by Jeffrey Wilde
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