GBP/JPY Technical Analysis 2012-06-10
4H CHART
GBP/JPY still in downtrend while making correction.
Trade Possibility :
Standby to short if close below 121.80
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.
Sunday, 10 June 2012
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