Tuesday, May 6, 2008

Gbp vs Jpy 1H Update #1


Unless my bearish continuation critical line 1 is taken, I believed wave a or 1 already completed. Looking forward to see a bullish retracement trend later to perform wave b or 2. A true breakout to the upper green trendline would bolster this point of view. Its better to wait for a complete signal for any bullish retracement signal or bearish continuation signal later today or tomorrow. Please don’t forget about the possibility of alternate count in white. Good luck.

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