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FOREX TRADE ALERT EUR/JPY SELL

Forex Trade Alert for – Symbol EUR/JPY.

Forex Trade Alert for Monday Jul 28, 2008.

A divergence in the MACD indicator has been found. The current upward trend may soon correct or end. 4xGenie Action: ==> Sell this Currency Pair at 167.29. Stop at 169.34. Wave 5 could drop down to 165.51 or to 163.56.

Monthly Pivots Points.

The [R3] or the most extreme high trading range is 170.2633. The [R2] or the extreme high trading range is 169.9967. The [R1] or the high trading range is 169.5533. The [P] or pivot point is 169.2867. The [S1] or the low trading range is 168.8433. The [S2] or the extreme low trading range is 168.5767. The [S3] or the most extreme low trading range is 168.1333. Current Day Trading Session: No signs of upward momentum at this time. Next Day Trading Session:

If the next day’s close is above 169.40 then that could be a sign that new upward momentum is beginning.