Maybe this is the last chart for 2010, but before the year ended I just want to share one of my counting at GBPJPY. Trade on your own risk, and be extra careful if you want to trade during Christmas season.
Below is GBPJPY, today’s chart. I believe GBPJPY is already tired to go down further, stochastic and RSI are already oversold on my chart since yesterday. Either it will retrace, or the above wave counting will valid, or trend reverse.. GBPJPY should go up. Just have to find the entry point to buy Great Britain Pound and sell Japanese Yen 🙂
Umm.. if this level break, 127.50 maybe a good place to standby 🙂