Tuesday, April 7, 2009

Gbp vs Jpy 1H Update #1

At this moment, price just bounce from the bearish continuation critical line 1. Favourably, I'm looking forward for a bullish retracement trend either to perform corrective wave b in magenta or subwave ii in yellow before expecting for another bearish continuation trend scenario. A valid "Head and Shoulder" pattern would bolster to this scenario. Advisable to look for any bearish continuation trend later from BSTS. Good luck.

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