Monday, March 17, 2008

Gbp vs Jpy 1H Update #3


At this moment, I believed a prelimenary "double bottom" has just been established. Most probably this critical bottom will be tested again later. The price will retrace to complete wave iv, by make 1 2 3 4 5 subwave later. Unless the bullish critical line 2 has been taken, this scenario would still be valid. Good luck.

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