Friday, September 5, 2008

Gbp vs Jpy 1H


Due to the yesterday bullish retracement trend and further later another bearish continunation trend, I believed subwave 4 is already completed and looking forward for another retracement to complete subwave iv (cyan) before further bearish continuation to complete subwave v (cyan) in wave v/5/3 (magenta). Preferably, I'm looking forward for a major bullish retracement (magenta) or reversal (white) later today or next week referring to the alt count in magenta or white(truncated). Please watch closely the yellow reversal critical line. Otherwise we may see another bearish continuation to complete an extension of subwave iii (cyan) in 3 (yellow). Good luck and happy weekends.

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