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.
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