Comment by Naveed Anjum on February 25, 2013 at 8:21am

Today's support: - 1.3141(main), where correction is possible. Break would give 1.3124, where correction also may be. Then follows 1.3116. Break of the latter would result in 1.3084. If a strong impulse, we would see 1.3063. Continuation will give 1.3048.

Today's resistance: - 1.3236, 1.3275, 1.3300 and 1.3320(main). Break would give 1.3333, where a correction is possible. Then goes 1.3343. Break of the latter would result in 1.3366. If a strong impulse, we'd see 1.3390. Continuation will give 1.3417.

Comment by Peter jcp on February 25, 2013 at 8:37am

Morning Naveed - don't forget previous high on Friday at 1.3246. As at London Open we have posted a lower high at 3236 - which I notice you have mentioned as a resistance level. Above 3205 I still have an upbias - but we would need both of the last highs to be breached. If price did fall below 3205 then its a case of testing support below again. I am currently scalp selling under 3236 but will review again this hour.

Good Luck and have a good day 

Regards 

Peter

Comment by Naveed Anjum on February 25, 2013 at 8:48am

Thanks Peter.

Comment by Peter jcp on February 25, 2013 at 9:18am

3217-20 seems to be good enough support for another try at highs 

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