Tuesday, August 26, 2008

Gbp vs Jpy 1H Update #1


At this moment, I'm looking forward for either a bullish retracement (magenta) or a bullish reversal scenario (white). A further breakout to the upper green trendline and later to the upper yellow trendline would bolster both scenario. Otherwise, this scenario would be invalid if there is a further downside trend refering to the alt count in yellow. Good luck.

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