I've got to say, I'm still on an adrenaline rush after watching Manchester United, Liverpool, Arsenal, and Manchester City bank a few goals this weekend. It's been a while since we had so many football heavyweights face off like that!
Needless to say, I'm pumped to score a few pips myself, and here are the pairs and levels that I plan to do it with:
I think the level to watch on EUR/JPY is the 101.00 major psychological handle (MaPs), which was just about last week's low. Though it's already being tested, methinks that this level's ability to hold could determine whether we'll see EUR/JPY revisit support at 100.00 near the bottom WATR, or the area of interest around 102.50.
- WO: 101.34
- Top WATR: 102.52
- Bottom WATR: 100.16
- PWH: 103.87
- PWL: 100.94
This pair looks almost identical to EUR/JPY, so I'll also be watching for a break of the previous week low (PWL). Below this level, 125.00 appears to be the next major support zone. Up north, I think the 128.00 MaPs (near the top WATR) could cap off the pair's gains.
- WO: 126.82
- Top WATR: 127.94
- Bottom WATR: 125.70
- PWH: 128.85
- PWL: 126.23
A break of consolidation (and the PWL) could see EUR/GBP test the bottom WATR. But if this level holds and we see a change in sentiment, I'll be looking for a rally back up to around .8050.
- WO: .7992
- Top WATR: .8044
- Bottom WATR: .7940
- PWH: .8103
- PWL: .7974
- Weekly Watch: September 10 to 14, 2012 23:26 09 September 2012
- Weekly Watch: December 17 to 21, 2012 22:00 16 December 2012
- Weekly Watch: October 1 to 5, 2012 22:30 30 September 2012
- Weekly Watch: November 12 to 16, 2012 21:26 11 November 2012
- Weekly Watch: November 26 to 30, 2012 21:55 25 November 2012