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Forex Trading winding to a close...quietly

Posted by Greg Michalowski on Fri, 05/23/2008 - 2:16pm in

The market chose to quiet down as we head into the close. The USDJPY has wandered back toward the 103.35 level which contained the upside earlier.

The EURUSD could not make a serious attempt to the 1.5813 high from yesterday, stopping at the 1.5794 level. It does remain above the 1.5735 support level which may come into play on Sunday evening.

The GBPUSD sits near the closing level from yesterday and could not extend yesterdays high.