Tuesday, September 01, 2009

Added More Trendlines in H4 Chart

Above is the screenshot of the current Pound/Yen 4 hour chart with some added trendlines. The circles mark the points which connect the trendlines. As we can see, the strong retracement of the current downtrend is still in favor while resistance still remain at 153.45 and 154.70 area. On the downside, I guess we'll see any development later on US session.

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