Monday, February 18, 2008

Gbp vs Jpy 1H


At the moment, price in correction phase. I think the price will go down 1st before start to bullish again which means wave 4 still not completed yet. But only can confirm later and at the mean time watch carefully the trendline pattern for breakout. If the price bearish and break the lower critical line, I think we should forget about the Bullish case. Preferable Bearish for short term and back to Bullish later on(maybe ?). Wait for reversal signal from BSTS if you want to enter long. At the moment still in Bearish trend.

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