Monday, June 2, 2008

Gbp vs Jpy 1H


At this moment, we could see a few reversal patterns like a diagonal triangle, a throw-over and a reversal gap. If this all this pattern is valid and wave v (white) is already completed, then preferably we shall see bearish corrective a, b and c (white) later this week. Otherwise if my bullish continuation line 1 is taken, then we have to consider the alt count in yellow. Please noted that there will be an NFP news this friday. Good luck.

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