GBPJPY Charts for 022508
EG
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DislikedPotential for wave 2 after finishing wave 1 on 15min chart of GBPJPY.
EGIgnored
DislikedMy target for C wave swingup is 1.9983 (C=A) next week.
But today, cable may retrace wave (1) of C to 1.9545/1.9500
Have a nice day !Ignored
DislikedToday's wave pattern from yesterday's high at 1.9975 may indicate wave C completed and we have wave (1) of new downtrend ??
lets see if we get just an (abc) retracement now ?
If so - Good selling point.....
This would mean wave C was a 3 waves affair, completing a wave (IV) ??
Have a nice Day !Ignored