GBPJPY analysis – downtrend again??
April 20, 2009 by admin · Leave a Comment
weekly and h4 charts as of 8.00 am Malaysia
Price is currently testing the crucial lower trendline on the H4 chart. Should the trendline is penetrated, my 1st target will be around 138.9x.
Meanwhile, on the weekly chart, the bearish flag formation is about to complete; a strong indication that the beast is riding the south-bound train again….
Will 118.xx be tested again???
