Friday, July 24, 2009

Gbp vs Jpy 1H


Due to the breakout towards the bullish continuation critical line 1, therefore the previous alt counts in white and yellow is already invalid. Favourably, I believed market in progress to complete subwave c in 2 either in magenta or the latest alt count in white. A breakout to the pivot would indicate that perhaps market may already in progress refering to the alt count in magenta. Otherwise another bullish rally would indicate that subwave c in 2 may still in progress refering to the alt count in white. Therefore, please confirm either alt counts from breakout towards any critical lines or trendlines. Happy weekends and good luck.

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