Friday, March 6, 2009

Gbp vs Jpy 1H


Please be noted that unless the lower red trendline is remain intact, I believed we shall see another bearish continuation trend either to complete wave 2 in white or corrective wave b in yellow. A further breakout towards the lower white trendline would bolster this scenario. Otherwise we may see a bullish continuation trend to complete subwave iii in magenta. Please be careful for NFP announcement tonight at 9.30 pm (GMT +8). Good luck and happy weekends.

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