Sunday, March 21, 2010
Gbp vs Jpy and Eur vs Usd - Market Overview
Gbp vs Jpy (1H) - Preferably, I believed market in bearish continuation trend scenario either refering to the alt count in magenta or white scenario. Please be extra careful for any possibility towards a strong bullish retracement trend scenario perhaps to complete subwave 2 in white. A further breakout towards the bearish continuation critical line 1 and lower red trendline would bolster to the alt count in magenta scenario. Otherwise, please be careful for any bounce from the S3 critical line.
Eur vs Usd (4H) - Favourably, I believed market in progress to complete subwave 5 either in yellow or magenta. A breakout towards the white critical line would bolster to this scenario. Otherwise, please be careful towards a bounce scenario, perhaps to perform subwave ii refering to the alt count in yellow. Good luck.