Thursday, December 4, 2008

Gbp vs Jpy 1H Update #1


Preferably, I believed market in progress to perform a bearish trap of corrective wave b (white or yellow) before expecting a bullish reversal trend later by next week. A valid of "diagonal triangle" pattern and a breakout to the upper yellow trendline would bolster this scenario. Otherwise please be careful for any bearish continuation trend to perform wave 5 of magenta. Good luck.

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