Forex Trading Signal Breaking News 28 August 2009
August 28, 2009 by Kelvin
Filed under Forex Signals
Hi Traders
Again I have some information regarding the forex breakout trading that I mentioned yesterday.
The GBP/JPY started to move up due to the support level at the weekly chart. So you got to be careful not to enter a trade in a hurry. Do take some time to do your technical analysis before you decide on taking a trade.
Support at Weekly Chart
The support level at the weekly chart currently is at 151.157 and I have noticed that the stochastic at the Hourly has started to move up closing into the overbought zone. Be patience and take some time to do your homework.
Good Luck!
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