Thursday, March 4, 2010

Gbp vs Jpy and Gbp vs Usd - Market Overview


Gbp vs Jpy (4H) - Preferably, I believed market in progress to complete either subwave 4 in magenta or white and looking forward for another bearish continuation trend scenario. Otherwise, please be careful towards a truncated scenario refering to the alt count in yellow.


Gbp vs Jpy (Daily) - At this moment, I believed market only in a bullish retracement phase and looking forward for another bearish continuation trend scenario refering to either alt counts in magenta or white once this retracement phase is complete. A breakout towards the yellow critical line would bolster to this scenario. Otherwise, please be careful for a truncated scenario (yellow).


Gbp vs Usd (Daily) - Favourably, I believed market in bullish retracement phase and looking forward for another bearish continuation trend scenario either refering to the alt count in yellow (completed) or magenta (in progress). Please be careful for any breakout towards the upper green trendline. Please be extra careful towards the NFP announcement tonight (9.30 pm :GMT+8) Happy weekends and good luck.