Wednesday, November 18, 2009

Gbp vs Jpy 1H


At this moment, due to the breakout of lower red trendline, therefore I believed market in favour towards a bearish continuation trend to perform subwave iii in white. But, a true breakout towards the bearish continuation critical line 1 is necessary to bolster towards this scenario. Otherwisem, please be careful for any bounce scenario from any support critical lines. Good luck.