USDSGD 4H (21.06.2014) Chart Technical Analysis

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The USDSGD 4H chart shows the following signs:

The USDSGD pair has a local top on resistance of Kijun Sen (blue line) in the KUMO @1.2505. The pair is under the KUMO cloud the Tenkan Sen and Kijun Sen too. In Friday it decline @1.2477 under the KUMO giving a bear signal.

The pair is under EMA 200 (4H). The MACD is marginally bearish and the RSI too.

I think that the 1.2458 is the first test target. When it reaches the target the wait and see is the appropriate strategy.
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