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Potentially equidistant channel + Fib 76.4.

Posted on July 23rd, 2008 by Soh Tiong Hum
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Together with the previous high at 102.00, we might see some resistance before price is able to clear.
FX is steeped in the use of Fibonacci levels. The A-B-C reveral pattern of higher-low  is also a 50% retracement level.

Posted on June 11th, 2008 by Soh Tiong Hum
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Things may be falling into place for a key decision to be made. We got the USDJPY at a 38.2 retracement (106.67) of the weekly high-low which is likely to act as a strong resistance.
In the meantime, EURUSD is supported by the 61.8 retracement (1.5566) of the daily high-low while gold is also likely to have strong support at USD [...]

Posted on June 10th, 2008 by Soh Tiong Hum
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There is a confluence of supports here at this moment for the Cable. Besides a throwback to the previous resistance trendline, there is an addition of 55ma on the 4-hour chart as well as monthly and weekly pivot M2. If the 1.9600 to 2.0024 move were to qualify as a bullish wave1, the current down (potential wave2) [...]

Posted on April 22nd, 2008 by Soh Tiong Hum
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