Tuesday, November 25, 2008

Gbp vs Jpy 1H Update #1


I believed market in bearish retracement trend to complete subwave 4 in c/a before expecting for another bullish continuation either to complete a truncated subwave 5 (white) or an impulsive subwave 5 (yellow). A further breakout to the upside (magenta critical line) would bolster the bullish reversal trend scenario. Otherwise, please be careful if there is any breakout to the white/yellow critical line. Good luck.

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