Gonçalo Moreira's Blog – March 2011 Archive (1)

EURJPY: 161,8 Fibo confluent with distribution

After yesterday's 38.2% pullback to the 112.80 area, EURJPY steadies now towards the 138.2% Fibonacci extension confluent with the recent supply area at 113.88. A reaction could be seen at this level or even above at the 21 Feb spike high which makes perfect confluence with 161.8% extension at…

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Added by Gonçalo Moreira on March 1, 2011 at 8:30am — No Comments

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