Monday, April 28, 2008

Gbp vs Jpy 1H


Unless the price break my bullsih continuation line 3, I strongly believed wave 5 could be a truncated wave (yellow). Either the price will make a “double top” later, I can only determine soon. Therefore please looks for a bearish reversal signal later from BSTS if this scenario would still valid. Otherwise we may see a strong breakout to complete an impulsive wave 5 (white).

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