Tuesday, July 15, 2008

Gbp vs Jpy 1H


Price still inside the teal rectangle zone. I believed subwave 2 (yellow) is already completed and looking forward for a downside movement to bolster the bearish continuation scenario to perform subwave 3 (yellow). A further breakout to the white critical line would enhance this point of view. Otherwise please be carefull for any upside movement. Good luck.

No comments: