Friday, June 29, 2007


20070629 1315 GMT. Going into the US opening, further gains made into this nice trend. Only about a 18 pip retracement from the 'overheated' ADX reading in the previous post. It is worth noting that this type of move is like the spring uncoiling from the tight ranges for the past 2 days, while the market market time ahead of the FOMC interest rate decision.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart