Tuesday, May 20, 2008

Gbp vs Jpy 1H


At this moment, price need to have a breakout soon either to the upper trendline or lower trendline of the teal triangle. Althought its look like more preferable to have a breakout to the lower trendline due to the factor that the upper trendline already showed as a strong resistance line since last week, but still, its have a possibility to have a breakout to the upper trendline first before another bearish continuation trend.
Expecting to see a strong downside movement later within this week with condition alternate count in white is not valid. Therefore, please monitor a signal from BSTS to assist you to determine which trend is more preferable and when is to make a good entry. Good luck.

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