Thursday, July 3, 2008

Gbp vs Jpy 1H Update #1


I'm looking forward for a completion of corrective subwave e (cyan) and ii (yellow) before expecting any possible bearish continuation movement. A strong resistance from the major upper green trendline (triangle) would bolster this point of view. But please be carefull if the price make a true breakout to the upper green triangle trendline. Good luck.

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