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Friday, September 4, 2009

GBP/JPY H1 Chart: Sell No More

The downtrend channel on hourly chart was broken again for the second time yesterday. The 30 EMA has crossed above 50 EMA also. However, the pair did make a lower low since my last post. Support for now is the Wednesday low at 149.02. I don't know the pair direction for now while the it still seems like a downtrend in 4 hour and 1 day time frame. The latest NFP will be release later on US session. Ok! Got to go now. ;D