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  • Sing-Yen Is High... 0 comments
    Jan 22, 2014 10:27 AM

    ...all-time high, that is! SGD/JPY formed its 3rd most recent 100-pip scalar top at 83, and a break to 84 is a 50-50 chance. Nonetheless, that break would surely give 83 a high-probability retest, even to 79 with a 50-50 chance, as well, which claims itself as the 2nd scalar top in the 100-pip scale. Having said that, all-time highs and lows are always good spots or targets to trade, as these levels, historically and psychologically, have a very high probability of retest when broken. Definitely, no need to play mind games on these numbers - they're opportunities up for grabs! SEE CHART HERE.

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