1. We have broken a very important trendline 2. Short term rates have surpassed long term rates for bonds 3.
GBPJPY (1) Observing the higher degree I can see on (2 July 2007) WE MADE THE COMPLETION OF THE 5TH WAVE OF OUR IMPULSIVE MOVE (2) Correction of the impulse wave started, which broke our major support trendline (3) We are now in a downtrend market (4) The Impulse wave of the downtrend traveled in 3 waves and formed the first base (5) which then started...