Week 5 Oct 12 FX Analysis

1.28 is strong support, even if price falls out of uptrend channel. 1.3000 will be a confirmation of uptrend, and is a good long pt.

80.3 has a short signal by FX system. First attempt to break above 80.0 is likely to fail with Bearish Engulfing candles, and will likely to retrace to 79.0 level.
Once find support, UJ pair will rises up again towards 80.0 for a 2nd attempt of breakout.

1.600 was a strong support, with 38.2% Fib support, price propelled up again last week, and now is in the progress of reaching 1.620.
Uptrend should continue this week.


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