Friday, September 4, 2009

Look like a retreat now, GBPJPY / GBPUSD

I think there is a slow retreat of the market from now on...

The bottom has been formed on daily chart and if everything goes well, we can see the uptrend from today onward.

Left - GJ's bottom LWP

But this slow process is scarry though, it goes flat maybe all day long, or just swinging around without direction as it likes.

So What the next target like? GJ - the 158 area.

Gud luck anyway


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