gbp yen update ending us session:
After a depth analysys,i see 2expanding triangle happen on gj,the first expanding breakout after failure around 61.8% price bounce and breakout the previous double top around 160.30.2nd expanding now bounce a bit after touch lower line pattern,so let see at asia or london open next,does gj can soar above 50%---61.8%(160.30---161.05 zone).The next price action depend with this rules,either sustain above 161,40 for higher price or failure that level(160.3---161.05) to smash gj to the deeper sea:D
verify action:possible higher above 161.05
:possible lower below 157.00
Posted by
millionaire |
Wednesday, August 12, 2009
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gbp/jpy
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0
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