Thursday, October 30, 2008

Gbp vs Jpy 1H Update #1


At this moment, I'm looking for a confirmation that subwave 4 is already completed and I'm expecting to see a bearish continuation trend to perform subwave 5 later. A breakout to the lower red trendlines would bolster this scenario. Meanwhile this scenario would be invalid if there is any breakout to the magenta/yellow critical line. Good luck.

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