GBPJPY Update
August 28th, 2009
GBPJPY continues to respect the Monthly Price Point at approx 153.50 – see 240 minute chart below. A close below this level come month end will be a powerful indication that monthly direction has now shifted lower.
Jay Norris
jnorris@brewerinvestmentgroup.com
800-971-2154
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hello,
I totally agree with u.Although, still waiting for stochastic to reach oversold territory before jumping in.
Thanks for the post and best of luck.