Bullish Still Releven
Friday, June 20, 2008
Friday, June 13, 2008
Sideway and breakout
13th June 08
GBPJPY
Began from Wednesday until today GJ still moving inside the triangle, I assume this is wave iv correction againts bullish. But bearish breakout can occur if price can't move upward else. Very hard Resistance at 210.60. Conclusion better stay aside from GBPJPY untill price breakout support or resistance. If price break 210.60 next target is 212.50 / 213 / 214 and i think 215 is maximum. If price break support it can go until 192. All trend still Down trend.
Thank you.
GBPJPY
Began from Wednesday until today GJ still moving inside the triangle, I assume this is wave iv correction againts bullish. But bearish breakout can occur if price can't move upward else. Very hard Resistance at 210.60. Conclusion better stay aside from GBPJPY untill price breakout support or resistance. If price break 210.60 next target is 212.50 / 213 / 214 and i think 215 is maximum. If price break support it can go until 192. All trend still Down trend.
Thank you.
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