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nikitafx
May 1, 2014 5:44 PM

GBP/JPY true wave breakout line: 173.13 ( Nikita FX ) 

British Pound/Japanese YenFXCM

Description

GBP/JPY looks like a False breakdown due to its first indication of
triangle breakout, however the true wave breakout line is 173.13.
As far as being below 173.13, it is still wave B--E and will be plunging
into wave C.
If not, we will buy its true wave breakout. Even that we should recognize
it will be upto Double Top level only.

Nikita FX ( climbingfx.jugem.jp/ )
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