Quote:
Originally Posted by tonymand
This level highlighted by Jocelyn was again active last night.
In any case this suggests the support is still strong in this area. Enter above, stop below.
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For those who punt Pound/Yen, you might want to plot a marker along the 212.20. Jos especially has been active away from that level this month. It's a strong (intraday) fulcrum & Yen Bull defense camp.
For those looking at this pair from a slightly wider timeframe, keep tabs on:
205.40
213.50
221.10
They're all large (stop) build up zones which will attract fierce 2 way trade when they next come into view.