Today I look at pound yen, we have bounced off a quick moving 2 hr 21 ema and have subsequently seen a 500 pip drop to the down side. Our next major level of visual support is the 150 handle however we have some minor support at 155.28 and then a weekly S3 pivot point to be concerned about at 154.72 as well. However until proven otherwise I’m looking to continue selling this pair on pullbacks. Good luck today and happy trading – David Pegler
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3 Responses to “Pre London Outlook October 24th 2008”
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these outlooks are very helpful, thanks mr P.
Mr P,
Thank you for all your comments. I find all that you guys do at FX Bootcamp extremely useful, insightful and of a high standard.
May you and the team reap the many rewards that the markets have to offer.
May all your moving averages be with the force and the force be with you.
Much appreciated
Another excellent training session.