USDJPY:
this pair has reached a critical point. it reached my short zone at about 79.35(200 SMA). I shall be watching him very closely to see if there is a rejection to allow a short to take place.
Key areas today imo lie in EURUSD and SPX futures and GBPUSD.
Key Event: Euro Summit, i read some news about some cooperation on banking supervision. i tink that is a small step towards better integration but as usual to most summits, most of the time nothing is being done but talk only. we shall c how market reacts, if any.
EURUSD:
key area imo is 1.3050. i actually have some calculation for 1.3050 to be a key support level today. Bulls really need to defend hard here.
on the other hand...
SPX Futures:
i tink a tgt is abt 1443 at least before trying any more rally. Key area is yesterdays low at 1448.
GBPUSD:
1.6025 is a key area as it is a resistance turned support zone. If there is a C wave down that area will be lost. maybe some bounce around first but that area is the place to watch if you are bullish or bearish on this.
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