Thursday, 8 October 2009

Crossroads: GBPJPY a 2000 points down in next 30 days!!!


Price now 141.17
The daily chart shows the price is very close to 200 MA. The stochastic (5) shows a downward trend. Last time a signal like this happened and we saw on 21-08-2008 when price was at 202.08 and then by 31-12-2008 was at 131.06. A 7102 point drop. Are we into atleast 38% of drop this time (2690 points).

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