Friday, November 21, 2008

Gbp vs Jpy 1H Update #1


Until this moment, price just pullback from the major upper green trendline. A further breakout would bolster the bullish reversal trend scenario (white and yellow). Otherwise, we may see another bearish continuation to perform subwave 3 in v referring to the alt count in magenta. Preferably, I'm looking for a possible bullish reversal trend later next week. Good luck.

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