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Old 07-12-06, 05:44 AM
rufffen's Avatar rufffen rufffen is offline
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Re: EUR/JPY CYCLES UPDATE Part1

GBP/JPY Update 12th UK session. Looks like that item might want to go higher yet, after a retrace of the highs now (currently 211.60). Its possible it will go SOUTH to 209.60-209.80 and then retrace to 212-213, I will update as we go.

Recommend to take profits on your shorts at the bottom as we start to retrace soon. Cant guarantee that it wont spike up to 213 before initiating a new stage in the downtrend.