Monday, March 1, 2010

Gbp vs Jpy and Gbp vs Usd - Market Overview


Gbp vs Jpy (4H) - At this moment, I'm looking forward for a further breakout towards the bearish continuation critical line 1. Otherwise, please be careful for any bounce scenario.


Gbp vs Jpy (Daily) - At the moment, I believed market in progress to complete major wave 5 either refering to the alt count in yellow, magenta or white scenario. Please be careful for any possibility towards a truncated scenario refering to the alt count in yellow.


Gbp vs Usd (Daily) - At this moment, I believed market in bearish continuation trend scenario either to complete subwave iii in yellow or wave 3 either in magenta or white. Since market already at the lower red trendline and FE 161.8%, therefore, please be careful for any possibility towards a bullish retracement trend scenario either in yellow or magenta. Otherwise, we may see an extension of wave 3 refering to the alt count in white if the bearish continuation critical line 1 is taken. Good luck.