Friday, March 28, 2008

Gbp vs Jpy 1H Update #1


At this moment price still in the corrective teal triangle zones. Its better to wait for any true breakout 1st before making any conclusion. I believed the price will going up either to complete wave 5 and IV (magenta) or to complete wave 2 for major downtrend (cyan a b c). So its very high risk to make any entry at this moment. Please wait for any reversal signal from BSTS 3 and BSTS 2 before making any decission. Good luck and happy weekends.

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