GBPJPY Daily and Weekly Analysis 22 ~ 26 June 2009 |
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Last week we predicted GBPJPY would proceed with correction wave a, b, c and today we can see wave a and b already completed and GBPJPY will proceed with correction wave c. GBPJPY needs to break at 154.80 to see further downside. Next support is around 149 and 150. However if GBPJPY break at 162.50, this count is not valid anymore.
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Figure A : GBPJPY Elliot Wave Analysis |
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Figure B : Wave C |
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It is a big question to us, could GBPJPY break LTL support at 149 and 150 areas or bounce at LTL support. Break LTL support, meaning GBPJPY might test 143 areas or lower 135. If GBPJPY bounce at LTL support, GBPJPY might test 167 or 170. |
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Time : 23:40 GMT, Date : 22 June 2009 |
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