June 13, 2010
400 Pip GBP/JPY last week
Hello Everyone,
I'm still playing catch up after my holiday in Northern Europe so will skip the video highlights that I often do.
Anyway, last week we had a few classic trade setups off of my forex market reversal levels. The best one was a divergent buy setup on the GBP/JPY and was good for near 400 pips if you rode it from level to level.
Until next week, peace and prosperity,
Jeff Wilde
"Forget Forex Robots that promise instant wealth and fail to deliver again and again… Here's a no-nonsense strategy that doesn't take years to master and that actually works as promised!"
If you don't already own this one, then I would highly reccommend that you check it out as I have had many unsolicited thank you letters for mentioning this program. It is a must have in every traders "Bag Of Tricks", Anyway… To read more click here…
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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 | 1.5239 | 1.2848 | 95.00 | 141.66 | 122.12 |
| Turning Point Down #2 | 1.5000 | 1.2555 | 94.00 | 138.46 | 117.38 |
| Turning Point Down #1 | 1.4750 | 1.2257 | 92.88 | 135.00 | 112.86 |
| Turning Point Up #1 | 1.4393 | 1.1976 | 90.79 | 130.81 | 108.16 |
| Turning Point Up #2 | 1.4242 | 1.1750 | 90.06 | 127.75 | 105.00 |
| Turning Point Up #3 | 1.4000 | 1.1500 | 88.89 | 125.00 | 102.55 |
| Intermediate Trend Direction |
Down | Down | Up | Down | 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
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Comments on 400 Pip GBP/JPY last week »
Request to add aud/uds also in the market reversal levels. In the Asia, a lot of people trae AUD/USD.
Regards
Subramanian
To be honest, I just don't have the time to add another currency pair to my weekly forecast but… I am soon going to be doing a workshop that will teach traders to come up with their own market reversal levels.