The Brief Daily Forecaster 23rd June 2009
Posted on 22 June 2009 by FX-forecaster
DAILY FORECAST FOR GBPJPY
Bias: I feel there is still risk of slippage to the 153.48-60 area before a correction
Losses have already broken the 154.96 low and this should lead to further losses. I’m not even sure we’ll get much of a pullback but if we do the 155.50-70 area should stall the correction. Below 154.62 would extend losses directly to 153.48-60. Take care here and watch for bullish reversal patterns. If this support gives way then the next target is all the way down at 151.14…
Please view the complete analysis in the attached PDF file.
For a full description of how to use the analysis please see the Analysis page of my website. The prior day’s set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.
There are only a few more seats available for my seminar on price forecasting in Hong Kong on Saturday 27th June at the Excelsior Hotel in Causeway Bay. Please see http://www.earlthorn.com/ for details and to register your attendance.
Kind regards
Ian
