Tuesday, September 2, 2008

Gbp vs Jpy 1H


Due to an extension of subwave 3, I have to do a wave recounts and therefore please analyse all latest possible alt counts available. Preferably, I'm still looking forward for a possibility of bullish retracement (magenta or white) later to complete subwave 4. Othwerwise we may see a further bearish continuation for another extension referring to alt count in yellow.. Please be noted that subwave 5 later could be an impulsive wave (yellow) or only a truncated wave (magenta or white). So please be extra careful. Good luck.

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