Wednesday, April 30, 2008

Gbp vs Jpy 1H Update #3


I believed market in retracement phase to complete subwave iv. Unless the price make a breakout to the retracement critical line in cyan, preferable there will be another bearish continuation to complete subwave v. Please look for a bearish continuation signal after completion of subwave iv and later a bullish reversal signal preferably to perform wave b after completion of subwave v from BSTS later. Good luck.

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