Tuesday, July 22, 2008

Gbp vs Jpy 1H


Price already reached to the lower yellow trendlines. So either price already completed the corrective subwave e and wave 4 (magenta) before another bullish continuation to complete wave 5 (magenta) or we will see further downside movement to complete subwave c and wave 1 (yellow) for bearish reversal scenario. Therefore please determine which count is more preferable later from any breakout and BSTS signal. Good luck.

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