GBP/USD-WAVE-UPDATE

As predicted before, the trend bearish until the lowest price 1.6268! Now, i am doing analysis the small correction C(ii).

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EUR/USD-WAVE UPDATE

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GBP/USD-WAVE-UPDATE

My prediction before, the the progression of wave C will be bullish in its correction until the area 1.6461, but the price until 1.6483. Anyway it is still under range price to start bearish again for this coming Tuesday(most probably) until the point C(i) as I predicted before. The point C i target is 1.6303 according to the fibo level 123.0. So I made decision sell stop at 1.6390 and target exit at 1.6310.

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LATEST SIGNAL

GBP/USD SELL STOP 1.6390 TARGET = 1.6310 STOP LOST = 1.6430

GBP/JPY SELL LIMIT 149.00 TARGET = 145.60 STOP LOST = 151.20

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GJ-WAVE-UPDATE

TOKYO OPEN MARKET AGGRESSIVELY! On the monday(2nov2009) morning, Tokyo open market aggresively and made my profit GBP/JPY and GBP/USD. I will show you later my result for monday morning and floating position that I closed yesterday. Meanwhile LONDON market open follow the previous trend (bearish), US market open making some correction. As discussed before, (In the bigger picture at the TFH1, achieve the price at area 151.99 (fibo 78.6), will give another indication that this coming trend will be BULLISH.
Any movement in other direction down below to the price or point "a" and break the yellow trendline, will deny the assumption above), we can see the trend moving bearish. Through my observation, the lowest point (I indicate c3) 145.71 in this week, will be the support S1 to confirm that this bearish continous trend will be end 123.0 fibo(144.30) from the top 0.0 fibo(151.69). Anyway the momentum of this pair sometimes will be end at 138.2 fibo(143.34).please refer to the chart GJTF H1 above and myfocus at the blue area. So happy trading for all of you.

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