May 2, 2010
500 Potential Pips off of Market Reversal Levels
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Hello Everyone,
This past week had at least 8 great setups off of my levels. There was the potential for over 500 pips depending on how you trailed your stops and used profit targets. Anyway, lets jump right into the market reversal levels.
Until next week, peace and prosperity,
Jeff Wilde
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Key Market Reversal Levels for |
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GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.5891 | 1.3812 | 97.50 | 151.77 | 130.00 |
| Turning Point Down #2 | 1.5703 | 1.3643 | 96.27 | 148.95 | 127.83 |
| Turning Point Down #1 | 1.5479 | 1.3424 | 94.70 | 146.09 | 126.08 |
| Turning Point Up #1 | 1.5131 | 1.3183 | 93.00 | 141.58 | 123.02 |
| Turning Point Up #2 | 1.4980 | 1.3000 | 91.56 | 140.00 | 121.37 |
| Turning Point Up #3 | 1.4786 | 1.2750 | 90.45 | 137.91 | 119.64 |
| Intermediate Trend Direction |
Down | Down | Up | Up | Up |
| Major Trend Direction | Down | Down | Down | 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 it. This will also explain what the abbreviations I use mean. To get all the details click this link: Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE: |
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Filed under Forex Newsletter by Jeffrey Wilde