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    Fractal analysis of the EUR/JPY and GBP/JPY pairs. Trading recommendations 2010-09-15

    Dear traders,
    For EUR/JPY pair we observed an impulsive upward movement. Here we are following the ascendant structure from September 8 as middle-term initial conditions for uprising cycle. For GBP/JPY pair, we are watching the local ascendant tendency from September 14. In addition, it should be noted that correlation between GBP/JPY and EUR/JPY is strong and it allows us avoid false breakouts on the GBP/JPY pair.

    Forecast for September 15:

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    111.39, 110.54, 110.21, 109.35, 109.02, 108.63 and 107.66
    Trading recommendations:

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    Trading recommendation:

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