My Trading is based on the laws of supply and demand. Everything about price is reflected in the price. Price moves between areas of supply and demand until the demand is absorbed and price moves lower or supply is absorbed and price moves higher. This blog is dedicated to the relationship of supply and demand and it's effects on price in the forex markets. Once supply and demand is learned, it can be used in any market.
12-24-06
USDJPY
The USDJPY broke out of Friday after basing near the 1.1845 area for most of the week. The 1.1880 area is the next area of supply to be absorbed. A pullback to 1.1848 should produce a bounce if the current range low at 1.1872 gives out. The next area of supply is near 1.1925.
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Forex Trading Based on Supply and Demand
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9:20 AM
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