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.