Thursday, August 19, 2010

GBP/JPY Analysis on 1 Hour

GBP/JPY Analysis On 1 Hour Chart


At this moment, its better to wait for the market to unfold 1st before making any further decission. A valid "diagonal triangle" bullish reversal pattern would bolster towards the alt count in yellow scenario to perform corrective a, b and c. Otherwise, I'm looking forward for a valid "descending triangle" bearish continuation pattern which would bolster towards the alt count in white scenario. Good luck.

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