Tuesday, November 18, 2008

GBPJPY TUESDAY POST US

Good afternoon traders

The triangle that is forming in the GBPJPY right now has strong symmetry with the triangle that formed 139 to 165 off the last lows

the lows of the previous triangle are :

138.98 , 140.70, 142.90

This triangle are:
138.87, 140.45 , 142.60

If in fact this is a channel then there is a 1-2-3 buy formation giving upside targets of

146 , 147.4 , 148.43 , 150