Thursday, December 10, 2009

Gbp vs Jpy 1H

At this moment, preferably I believed market in progress to complete subcorrective wave e/iv in magenta before expecting for another bearish continuation trend scenario to perform subwave v. A valid rising wedge bearish continuation pattern would bolster towards this scenario. Therefore, advisable to look for a bearish continuation entry signal from BSTS later. Otherwise, we may see a bullish continuation trend to complete subcorrective wave c/2 in white. Happy weekends and good luck.