[akforex]

ASIAN SESSION

A) CALENDAR

-GMT 01:00 JPN BOJ Governor Fukui to Meet With Business Leaders in Nagoya


B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4700 112.00 2.0645
R2 1.4680 111.70 2.0625
R1 1.4645 111.35 2.0600
S1 1.4625 110.85 2.0560
S2 1.4580 110.65 2.0535
S3 1.4550 110.40 2.0505

C) WATCH
-Interest Rates



D) TRADING TIPS
CANDLESTICKS
Atekubi, irikubi and sashikomi are three varieties of the same pattern suggesting that weak rebound attempts via filling common gaps will not derail a solid decline.
The atekubi pattern, which is the most restrictive of the three, consists of a second-day white candlestick that closes at the daily high. The current closing price equals the previous declining day's low. The atekubi candlestick suggests
selling.
The irikubi candlestick is a modified atekubi candlestick. All the characteristics are the same, except that the second day's closing high is marginally higher than the original day's low. The signal remains bearish. The sashikomi candlestick is, in turn, a modified irikubi candlestick. Therefore, all the characteristics are the same and the signal remains bearish. The difference is that the opening of the second day's white candlestick is much lower than that of the irikubi candlesticks.
Despite the wider gap thus formed, the white candlestick closes just
above the previous day's low.