Tuesday, June 24, 2008

Gbp vs Jpy 1H Update #1


Due to the breakout to my magenta horizontal line, preferably the alt count in white considered as invalid. Therefore I'm looking forward market to perform a bearish reversal trend either refering to the alt count in yellow or magenta. Favourably, looking forward for a completion of either subwave i (yellow) or wave a (magenta) soon before expecting to see a bullish retracement trend either to complete subwave ii (yellow) or wave b (magenta). Please bear in mind that both scenario would be in major doubt if the price make a true breakout at 213.28. Good luck.

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