Thursday’s advance failed just before 10464 and at the underside of former trendline support and channel resistance. 10145-10386 is the opening range for the year (first 2 weeks) and a break of the early year range would open up the floodgates towards 9860 and 9660. Early week resistance is 10400.
Jamie’s Pick: 04/16/12
- Nov, 25 19:10 GMTLooking to sell a failure in USD/CAD
- Nov, 24 13:30 GMTBearish AUDJPY as Topping Pattern Matures, Awaiting Key Support Break
- Nov, 23 15:25 GMTOil Traders Prepare for a Breakout on WTI Consolidation
- Nov, 21 01:15 GMTAnalyst Pick: EUR/JPY Well-Positioned for a Rough End-of-Year
- Nov, 20 19:40 GMTEUR/GBP Eyes July Low Ahead of ECB Rhetoric, BoE Testimony