Thursday, July 10, 2008

Gbp vs Jpy 1H


I believed subwave 2 (cyan) is already completed and looking forward for a bearish continuation to complete subwave 3 (cyan). As long the price moving inside the downtrend channel trendline, this scenario is valid. Otherwise if the price make a breakout to the upper green trendline, this scenario would be in doubt. Please analyse all critical lines and good luck.

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