Thursday, March 27, 2008

Gbp vs Jpy 1H


At this moment price still stay above my red lower trendline which is bias for a bearish continuation if the point is taken. But as long the price move upwards and stay above this line, preferable for another bullish retracement to complete wave IV and c. A breakout to the retracement continuation line would bolster this scenario. Please refer to the magenta and cyan count. Please wait for a good signal from BSTS before making any new entry. Good luck for today. Preferable - another bullish retracement if the retracement continuation critical line is taken.

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