Showing posts with label price. Show all posts
Showing posts with label price. Show all posts

Friday, August 1, 2008

GBPJPY : My price action analysis




10:30AM GMT +8

H4 : Area 213.24 - 213.39 considered strong support
H1 - M15 : Price possibly up if bull candle could break 213.78
M5 : The market most likely sideways for a while. After bull broke 213.66 the market went up for only 12 pips... but then price went back to the sideways area 213.39-213.66

Preference :
RSI signal BEARISH
Waiting price to pass through support level.
 
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