Monday, December 13, 2010

GBP/JPY Trade Setup 14/12/2010






GBP/JPY daily chart:
1. It is forming a symmetrical triangle.
2. Direction of breakout is unknown yet. But I think it will break upwards and reach 100 or 161.8 Fibo level.
3. RSI is above 50 which suggest that the buying strength is there. That's it might break upwards.

No comments:

Post a Comment