Thursday, August 21, 2008

Gbp vs Jpy 1H


Until this moment, I'm still waiting for a confirmation either refering to the further bullish retracement trend (magenta) or a further bearish continuation trend (yellow). Please be noted that there are possible a H & S pattern and a further true breakout to the neckline would bolster the bearish continuation scenario. Otherwise a true breakout to the upper green trendline would bolster the bullish retracement (magenta) or the bullish reversal scenario (white). Good luck.

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