Wednesday, August 12, 2009

Look for buying opportunity in GBPJPY

A bounce was indicated in GBPJPY around 12th Aug lows. It seems like there may be a downturn again after this initial bounce. If it happens then it will be good opportunity to go Long in GBPJPY for a nice profit.




GBPJPY bounced as was forecasted and has continued to move down from there. It is now getting close to presenting a buying opportunity




Abhay

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