Wednesday, September 3, 2008

Gbp vs Jpy 1H


At this moment, I'm looking forward for any breakout either to the upper or lower teal triangle trendlines. Preferably, I'm looking forward for a breakout to the upper teal triangle trendline to perform subwave 4 (magenta or white) before expecting for another bearish continuation to complete subwave 5 in 3. But please be careful for any bearish continuation to perform an extension of subwave 3 (yellow). Please be noted also that market is possible to perform only a truncated subwave 5 (magenta or white). Good luck.

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