Friday, June 6, 2008

Gbp vs Jpy 1H Update #1


Due to the breakout of the 207.10, the previous alt count in yellow already became invalid, therefore please analyse the latest possible alt counts as stated in the chart. At this moment, price already in rejection after touch the bullish continuation line 1. If the line stay as a strong resistance, then perhaps we shall see a bearish trend either according to the alt count in yellow or white. Otherwise we shall see a bullish continuation either to complete wave c in magenta or more. Good luck.

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