Wednesday, March 11, 2009

03/11/09 Forex Market Comments

GBP/USD: breakdown yesterday low by 34pips made a new 20 days low (L20). 11:00am formed a pin bar on hourly chart. Then 2:00pm breakout the head-and-shoulders pattern. The min target is 4020.

If yen could breakdown 96.57, we will have a 316pips head-and-shoulders pattern.


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