Thursday, January 14, 2010

Gbp vs Jpy 1H, 4H & Daily


Gbp vs Jpy (1H) - At this moment, market just bounce again from the lower TL. A pullback from the pivot critical line and followed by breakout towards the S3 critical line would bolster to the alt count in white scenario. Otherwise, we may see another bullish rally to complete the corrective wave e and 2 in magenta.


Gbp vs Jpy (4H) - Please be careful for a possibility towards another bullish rally to perform corrective wave e and 2 in magenta.

Gbp vs Jpy (Daily) - Favourably, I'm looking forward for a valid rising wedge bearish continuation pattern scenario to complete major wave 5 either in white or magenta. Otherwise, please be careful for any truncated major wave 5 scenario in yellow. Happy weekends and good luck.