Thursday, March 13, 2008

Gbp vs Jpy 1H Update #3


Price already make a breakout to the upper lime triangle trendline. So we have 2 possibility here which is a retracement or a bullish reversal. At the moment, its better to consider it as a retracement unless the price break the Fibo 61.8% which is also as my short critical line. Otherwise we may see a bearish continuation later on if recently breakout at the bearish continuation critical line is a true breakout. Happy trading.

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