Friday, June 5, 2009
RE: GBPJPY
Not liking the PA right now. If you entered, keep stops tight, just above the trendline break. Possible confirmation of a move would be a break of 155.50. With this PA, I think I'd like to see that happen first. Watch for the candle to break the blue line, and hold below it. Right now, it is bouncing above and below. The next hour, usually picks up.
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