Tuesday, October 25, 2011

GBPJPY, may see a break to the 119's should a break below the lower line of the pitchfork occur.  AB=CD at 119.43 and the retracement from A to C and B to D are harmonic and spot on.  C hits the 78.6% retracement exact and couldn't break through after a few attempts which signifies a potnetial turn in the trend.

Essentially, if the chart gets to point D, a potential buy would be present as a Bullish Gartley Pattern essentially would be intact.

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