Monday, May 19, 2008

Gbp vs Jpy 1H


Until this moment, the major green upper trendline still stands as a strong resistance and overall we can see the price slowly moving downwards following inside the channel trendlines. Preferably, I'm still looking for a bearish continuation trend but please noted that anything could happen (alternate count in white). A breakout to the lower triangle trendline would bolster this scenario. Good luck.

No comments: