1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Currency Crosses: GBPJPY: How Significant Is the Low at 207?

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 17, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    It appears that wave 3 within the 5 wave decline from 230.33 is complete or nearly so. Therefore, expectations are for larger a corrective setback in wave 4 to end near 217.31 (former 4th wave extreme). However, an extension lower is certainly a possibility so trading from the long side...

    complete article here...

Share This Page