Wednesday, August 12, 2009

Aug 13: GBP JPY - Same alternate scenario as Cable


If today is an ITD turning date, there's also another possible count for Geppy with ITD 1 inversion. It's in similar situation as Cable now.

2 comments:

Roger said...

Meaning that monday open market it will all the way go up?

Cmellon said...

Hello Roger,

No, I believe that the original post on Aug 11 is the right count. There's no inversion in ITD 1. Intermediate Term trend is down until around Aug 21. Since medium term trend is probably down as well, turn around date could be later than Aug 21 by 1-3 trading days.

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