Thursday, February 14, 2008

14 Feb

The high and low for GBP/JPY play is
Hi 212.830
Lo 212.07

Hi and Lo taken from 1800GMT to 0159GMT or 0200hrs to 0959hrs Singapore time (SGT), using Oanda 1 hour chart

There is a support (EMA21, 1 hour chart) at 211.83-211.80, moreover the low was triggered at 0959SGT.
Resistance line (EMA55, 1 day chart) at 214.0

As such I will set
Long limit order: 212.830, SL 212.830, TP 213.830
Short Limit order: wait and see, will update again at 1200hrs SGT

No comments: