Monday, November 3, 2008

Gbp vs Jpy 1H Update #1


At this moment, I'm looking forward to see a further bearish continuation trend either to perform a truncated subwave v in 5 or an impulsive subwave v in 5. A breakout to the major lower red trendlines would bolster this scenario. Otherwise we may see a bullish reversal trend referring to the alt count in white. Please watch closely all critical lines and trendlines. Good luck.

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