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Thursday, August 7, 2008

GBPJPY 1h. review


bullish pattern or bear pattern. Two possible movement , (i) , (ii) = (iii). a,b = C down.

frankly said, in my opinion GJ will going up until 215.00.

But since dollar was very strength recently because of turning point of oil price, anything can happen, demand on dollar was very high and its make impact for GBPJPY.

Correlation in GU if demand of dollar crossing the curve of supply and demand , GU will be bearish for a long way, but now its still in bear way. In UJ also is the same situation. So what is the answer for GJ. huhu well just follow the setup and your analysis.
thank you.

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