Wednesday, March 19, 2008

Gbp vs Jpy 1H Update #3


There is 2 possibility wave count at the moment. Its still unclear which is the major trend later. The price still in correctice zones and I need to wait for a strong breakout to confirm. Please always remember that wave 5 (cyan) could be a truncated which is either will establish a "double top" or lower then wave 3 high. Better to stay out from market unless the price approaching any critical line later. p/s wave 4 in iv always the hardest market phase to predict.

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