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Wednesday, July 29, 2009

RE: London Update

I had mentioned that some pairs were finding bottoms, by this, I meant that they were bottoming out along support areas, ie. on the GBPJPY, it was at the 61.8 Fib, and has now broken below for almost 50 pips. The AUDUSD broke .8221 for almost 60 pips, and the GBPUSD has broken the 1.6400 area for almost 50. If you have trouble seeing what I'm talking about, feel free to direct questions to the email address at the top of the page. fxtradepros@gmail.com

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