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Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts
Monday, June 8, 2009
Things to watch for early this Monday
Hope you all had a great weekend. As some of you know, I'm not a big fan of forcing trades on Monday, unless there is a clear set-up. No set-ups forming yet, as it is still early. What I'm watching right now is if and how the GBPJPY settles into a range of 157-158. Looking to see if the GBPUSD stays below 160.30, which held for a few hours as support, and then became a resistance level after NFP. 1.5970 is where the GAP started, then closed the gap, and has shown resistance for the past 3 hours. This will be the level to watch for now. In the EURUSD, I'm watching 1.40, and watching to see if it holds, bounces, or breaks.
Labels:
currencies,
economics,
Forex Signals,
forex trading
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