advertisement

GBP/JPY - A Significant Top In Place?

Wednesday, 16 May 2007 20:42:10 GMT

Written by Jamie Saettele, Technical Currency Analyst

The Elliott Wave count, a weekly bearish engulfing pattern, and a break of a weekly low all point to the GBPJPY plummeting soon.  If the pair rolls over, how low will it go?  No trade is a sure thing of course, so where can we limit risk?  We address this and more in the top/bottom setup of the week.   

**A new trade idea for the top/bottom portfolio is published on dailyfx every Wednesday.  Additional trade ideas and updates to the ideas are published everyday on FXCMTR, and are available only to FXCM clients. 

0516top1

0516top2

0516top3

0516top4

0516top5

0516top6

< Prev    Next > [ Back ]