Thursday, June 10, 2010

6/10 Forex

The Person's Proprietary Signals is showing a phase switch on five currency pairs. To the bull side: AUD/JPY, AUD/USD, GBP/USD and NZD/USD. The the bear side: USD/CHF. The mid, upper and lower levels are the monthly Person's Pivots for June.

AUD/JPY

Third straight day of higher highs, but it would take a break above ¥79 to overcome very near-term resistance. The pair broke through the pps moving averages today with a bull phase switch. A pull back and bounce would lend credibility to the signal. Mid ¥79.00, upper ¥86.13, lower ¥62.93.
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AUD/JPY ¥77.36

AUD/USD

The bull phase pattern is similar to that shown by the AUD/JPY pair. Upside price resistance is at 0.8550. Mid US$0.8599, lower US$0.7390, upper US$0.9132.
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AUD/USD US$0.8480

GBP/USD

After a week of lower highs and lows, the pair gapped up with today's bull signal, piercing the pps moving averages and almost touching the pivot mid line. Near-term price resistance is at US$1.4769. Mid US$1.4698, lower US$1.3588, upper US$1.5171.
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GBP/USD US$1.4676

NZD/USD

The bull signal is accompanied by a huge move up today, traversing 3% low to high and piercing the pps moving averages for the first time the three days. Near-term price resistance is at the mid line, US$0.6895. The lower line is at US$0.6133, the upper at US$0.7230.
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NZD/USD US$0.6857

USD/CHF

Today's bear phase comes ont he fourth day of lower highs, and on the third day after the price pierced the pps moving averages. Mid SF1.1324, lower SF1.0952, upper SF1.2289.
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USD/CHF SF1.1413

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