Sunday, October 5, 2008

gbp jpy (geppy)


The pair has been in an Elliot wave pattern that might be at its end, if so, a clear bull market formation should be formed soon. if a resistance is formed then a powerful retirement should be seen in the long term. for now a profit Target of 193. should be good to take for first unit and security.

Chart speaks., observe.
however, the eur yen ( chart on right ) that tend to be in synchrony most of the time created a gap on the weekly market





1 comment:

Daves Markets said...

Perhaps you can post the charts that show your analysis, that would be great.

Thanks


daveM

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