Sunday, April 19, 2009

EUR/JYP breaking trendline, correction from Jan gain?



EUR/JYP pairing had been going on a up trend for the pass few months.
(starting on 21/01/09)
Last friday, it has finially break throught the uptrend trendline.
This signify a downtrend break through, and a possiblibly that this could be a correction from the gain starting on Jan.

Base on the fibonacci golden rule of 61.8%, the correction target should be around the range of 121.83 +/- 200pips.

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