Sunday, January 17, 2010

Gbp vs Jpy (1H) and Aus vs Usd (Daily) - Market Overview

Gbp vs Jpy (1H) - At this moment, market is already at the major lower yellow trendline. A strong breakout is needed to bolster towards the alt count in white scenario. Otherwise we may see another bullish rally perhaps to complete the corrective wave e and 2 in magenta.

Aud vs Usd (Daily) - Preferably, I'm looking forward for another bearish continuation trend scneario perhap to perform wave 1 in white to bolster towards a bearish reversal trend scenario within this week. Otherwise this scenario would put in hold 1st if we see another breakout towards the upper green trendline which would indicate that major corrective wave B in magenta still not complete yet.