Thursday, August 28, 2008

Gbp vs Jpy 1H


At this moment, market still in bearish trend eventhough BSTS showing the trend is getting weak. Overall, I'm still looking for an opportunity referring to an upside movement (magenta or white). Please be noted also there is a possibility for another "throw-over" or bearish trap scenario later to complete wave v in magenta or wave 5 in white. Otherwise we may see a further true breakout of the major bearish continuation critical line 1 to according to the alt count in yellow. Preferably, please look for any good entry for bullish retracement (magenta) or bullish reversal (white) from BSTS later. Good luck.

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