Wednesday, August 25, 2010

Gbp vs Jpy 1H

At this moment, I believed market in progress to perform either subwave 4 (white or magenta) or subcorrective wave a (yellow), and once completed, I'm expecting for another bearish trend either to perform subwave 5 in white/magenta or subcorrective wave b in yellow. Therefore, as long the magenta/white critical line is still remain intact, advisable to look for short opportunity from BSTS later. Good luck.