Notes 09/10/12

The above average volume up day on Monday last was soon forgotten with the ECB and NFP coming up. In hindsight it showed great strength and the VAL floor of 98 was defended all week. On Thurs the pre-market pop above 12/14 was significant and kept me watching the long side for 22 again (I had previously said 27 as HVN, did not expect 30’s). Structure is thin but no guarantee of back and fill just yet (remember the spring rally).

Template to end of 2008:

Currently around the LVN area 1433.75 which is Friday VAL.

HVN 1440
LVN 1451


Thurs VPOC 1430,
MCHVN 1422.75,
1409/12.75/13 HVN, LVN and prior balance top.


Below 1.2640
Above 1.295, 1.3200


Resistance: 1.2861 nvpoc
Supports 1.2692, 1.2600


Looked weak at 7230 area on Friday

If upside continues targets are 7230/7260

Support: 6950/7020/7073

GBP: delta negative but stopped at 1.5969 – Friday vpoc, next support 1.5905/20 (previous R, HVN, 2x VPOC support)

upside target 1.6125, below possible retrace to 1.5750


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s