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Yen Crosses: Long Term Declines Resume

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 22, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The GBPJPY rally from 192.60 is a correction. For one, the first leg of the rally is in 3 waves. Second, the extended nature of the decline from 242.60 argues that the GBPJPY decline from 251.10 will unfold in 5 waves rather than 3. Since there are only 3 down...

    complete article here...

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