Tuesday, October 28, 2008

Gbp vs Jpy 1H Update #1


Until this moment, I'm believed market still in progress to complete subwave 4 (magenta or yellow or white) before expecting for another bearish continuation to perform either a truncated subwave 5 (white or yellow) or an impulsive subwave 5 (magenta). Preferably, I'm looking forward to see a further bullish retracement according to the alt counts either in yellow or white. A true breakout to the magenta critical line would bolster this scenario. Good luck.

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