Thursday, October 23, 2008

Gbp vs Jpy 1H Update #1


At this moment, I'm looking forward for a bullish retracement to perform subwave 4 before expecting for another bearish continuation either to complete a truncated subwave 5 (white or yellow) or an impulsive subwave 5 (magenta). But please be careful for any subwave 3 extension scenario (magenta). Good luck.

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