Jumaat, September 05, 2008

Market Analysis

USDJPY.

Changed Stop-Loss from 109.54 to 109.17 (2/09/08 high) since the market has move in our direction risking 109 pips. Profit target further set to 106.57 (25/07/09 low) looking for 151 pips profit. We will be looking closer tomorrow in expecting the price to go further south.

Further change the profit target to 106.40 being the 61.8% fibo in expecting the market today will close below the 50% fibo = 107.19.







Changed profit target again to 106.03 being the low of 22/07/09.

* This analysis is only meant for Pipkeeper and not for public usage.

Tiada ulasan: