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Chart Talk 28-08-13 

Last Updated: August 28, 2013

By Rayner Teo

Watching for potential reversal around the 147 – 148 zone for Gbpjpy. Traders can either look to place a buy limit order or wait for a bullish reversal pattern to get long.



Right shoulder seems to be completing on Eurusd. A break of the neckline would see price heading towards the 1.3200 level. Traders can look to short on break and close below the neckline with stops above the candle high.



A potential bull flag forming on Eurcad. Traders can look to place a buy stop at 1.4080 with stop loss at 1.4010. If price breaks below the flag, the trade is negated.


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