Friday, March 21, 2008

Gbp vs Jpy 1H Update


Its still unclear so far which direction the price will go. Therefore, I came out with 3 alt wave count, which are :-
1) Bearish Continuation (yellow)
2) Bearish Continuation with truncated wave 5 (white)
3) Bullish Retracement (magenta)
From my point of view, more favourable towards option #3. Please watch closely BSTS 2 - TF 15, 30, 1H & 4H before making any entry. Good lucks.

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