Monday, March 23, 2009

Gbp vs Jpy 1H


Please be noted that price already break the upper green trendline. Favourably, I believed market in progress to perform either subwave ii in yellow or corrective subwave b in magenta before expecting for another bearish retracement trend to complete major corrective wave b. But please be noted that this scenario is invalid if the price break the yellow and magenta critical line respectively. Otherwise, market will perform a bullish continuation trend to perform subwave iii in white. Please refer BSTS to confirm either scenario and trend. Good luck.

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