Tuesday, July 28, 2009

Gbp vs Jpy 1H


At this moment, favourably I'm looking forward for a breakout towards the lower red trendline to bolster to bearish reversal trend scenario to perform either corrective subwave subwave c in magenta or subwave a,b and c in yellow. A further true breakout to the lower yellow trendline may indicates that perhap market in progress to complete corrective subwave c in magenta. Otherwise if bounce, then maybe market will perform corrective subwave b in yellow. Or otherwise, please be careful for any breakout towards the upper green trendline and yellow/magenta critical line. Good luck.

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