Thursday, January 1, 2009

Gbp vs Jpy 1H


At this moment, price already made a breakout to the upper green diagonal triangle trendline but is it a true or only a false breakout ? A further breakout to the bullish continuation critical line 1 would bolster the bullish reversal trend scenario (yellow or white). Otherwise please be careful for any breakout to the major bearish continuation critical line (magenta). Good luck.

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