5/31/2012

GBP/JPY fall down yesterday another almost 200pips - there was no open. Today it is near 78,6 of this big move up and what is more important for me now it stoped very close to 161,8 of wave A (or wave 1) - what is typical for wave C and even more typical for wave 3.

Anyway that should be correction to at least 38,2 of wave C/3 and that will be minimum target of short term position and it is: 125.60


There is also buy signal on H4 DT.

On H1 You can see that I opened postiion about 10pips higher that it should be opened - but I missed signal candle:


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