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Dynamic Trader Blog - Forex Chart Pattern Signals

Monday, August 03, 2009

AUDJPY

Good Evening Dynamic Traders,

After a period of consolidation, the Cable and Euro have managed to breakthrough previous resistances today. Next up the AUDJPY is looking to do similar. Price is approaching previous resistance and if the momentum continues then we could see a breakthrough to the upside. Please note I have deliberately kept the chart very simple today as the most important thing to focus on is price action.














Good Trading!
Bijal Shah

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