Gbp vs Jpy 1H
Written by jebatfx   
Monday, 26 July 2010
8.06 am
 
26_july_10_9.42am_1h.gif
 
At this moment, the alt count in magenta is already invalid. Therefore, I believed market in progress either to complete subwave 5 in white or subwave 3 in yellow. We may see a "double top" scenario either at the bullish continuation critical line 1 or 2 before expecting for any reversal (white) or retracement (yellow) trend scenario. Good luck.