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Old 06-29-2009, 04:11 PM   #2 (permalink)
noob_trader
 
Join Date: Oct 2008
Location: San Jose, CA
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Quote:
Originally Posted by Shaun Overton View Post
Take a look at the attached chart.

The inverted height is 550 pips and the break occurred at 157.75. That makes for a price target around 1.635 on this break.



Disclosure: Currently long GBPJPY.
Hi Shaun,

Cool setup, Looks like many people are watching this setup.


See this from Kathy lien on the same pair

GBP/JPY Could Break 160 on Fixing Flows | Kathy Lien


Cheers,

Noob
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