Wednesday, March 12, 2008

Gbp vs Jpy 1H Update


At the moment, price still in correction phase and I'm waiting for a breakout either to the lower triangle trendline or the upper triangle trendline. If the "Double Top" pattern is valid, preferable the price will make a breakout to the lower triangle trendline. Otherwise, we shall see a bullish continuation. Please refer to the BSTS for confirmation.

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