Thursday, June 19, 2008

GBP/JPY

Erm.. seems like this bugger is not ready to go down as of yet.. lol..
Popped though 212.5 with good Surprisingly Good UK data coming though... but resistance was seen at 213.33.. retracement should be 211.8944.. Seems like a good spot to short for a drop. Technical studies( RSI,Stochastic) show "way" overbought conditions. So a retracement to 0.6618 Fibonacci is most likely.


GOood trading all~

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