Monday, April 28, 2008

Gbp vs Jpy 1H Update #1


If truncated wave 5 already established (magenta) and the "diagonal triangle" (green triangle) pattern is valid, then I believed market is in bearish reversal trend. A breakout to the lower red trendline would bolster this point of view. Otherwise, we may see another bullish continuation signal later on. Anyway, don't forget that tomorrow is a Showa day in Japan (holiday). Good luck.

No comments: