Friday, July 3, 2009

Gbp vs Jpy 1H


At this moment, price just bounce after break the lower red trendline. Favourably, I'm looking for a further bearish continuation trend to complete subwave i in yellow. While a further breakout to the neckline would bolster towards the alt count in cyan in which indicates that subwave i and ii is already completed. Otherwise, please be careful for any strong bounce scenario and any breakout toward the upper green trendline. Happy holidays and good luck.

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