Wednesday, July 9, 2008

Gbp vs Jpy 1H


Until this moment, price already break the lower yellow trendline but bounce back from the major lower red trendline. I'm looking forward for a another downside movement (2nd attempt) and a true breakout would bolster either the alt count in yellow or magenta scenario. Otherwise please be carefull for any breakout to the 212.40 h-line. Good luck.

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