Thursday, October 20, 2005

Trend Check-up

Some new trends have emerged over the last 48 hours while I was away:
EUR/USD up support: 1.1958
GBP/USD up support: 1.7570
USD/CHF down resistance: 1.2988
USD/JPY down resistance: 115.70
USD/CAD down resistance: 1.1772

At the moment of posting, GBP/USD has already stretched further than the rest due to the stronger-than-expected retail sales data. I will be looking to execute a few more trades before the week ends.

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