GBPJPY analysis – 126.69 next??
February 3, 2009 by admin · Leave a Comment
chart h1 – 8.00 am Malaysia
Looks like the bears are gaining control on the beast. Should the price breaks the lower trendline, 1st target projection is Friday low (126.69).
UPDATE: 4.00 pm - Frankfurt market pulled the price down to 127.63 the lower trendline is now pierced. [-o< 4.51 pm - Friday's low hit [-o< 125.10 and 124.10 might be hit next 8.00 pm - 126.00 broken? will the beast dive further down?10.00 pm - closed all positions at 126.40 a pinbar on h4 chart indicates a retracement is due
