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Hello traders and great to with with you as we approach the middle of our trading week. Just a note that Oil is now at the 42.77 price level and we just continue in the range of 40.00 to 50.00 P/B. News releases is very low today the big one will be in the U.S. session with Oil Inventories. Traders are are going to talk about the EURJPY as we have seen very little price action as I myself and not eager to trade this pair because they have made no action on there stimulus package. Today I am still bias bearish and look for price to move and pullback to the daily pivot point and look for a bearish candle formation with conformation. I am looking to take profit at the support zone at the price level 112.57. Traders just be alert if you trade this pair and get to break even as soon as you can so you have a free trade.

Thank you traders and we will talk soon…..William

FX Instructor Forex Blog – For Traders, By Traders

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