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Sunday, 2 December 2012

GBP/JPY H1,H4 & Daily Update + TPI

Rationale:
Break below 131.83 might be first sign that deeper pullback is comming ahead and this so far impulsive movement was just eztended wave (b) to the upside in form of a Zig-Zag.

Unclear situation.Stay aside until one of the highs is broken:
-new high means wave 3 is developing
-break below green line means deeper pullback below wave (a) (W) low is expexted

Take care,
Seb




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