Thursday, October 22, 2009

GBP/JPY Breakout Target Reached

Above are GBP/JPY H4 and H1 chart. From last post, the pair finally break above resistance and has reached target - which is the range of the sideways. I drew trendline on weekly chart and this could be the time for some significant fall, at least to test the 149.35 support. Below the rising trendline on H4 chart then we can target 146.71 support near.

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