Thursday, April 22, 2010

Gbp vs Jpy 1H & Daily

Gbp vs Jpy (1H) - At this moment, a breakout towards the S3 critical line would bolster to the alt count in aqua scenario. Otherwise, we may see another bullish rally either to complete corrective wave b (white or magenta) or wave 5 (yellow).

Gbp vs Jpy (Daily) - At this moment, please be extra careful since market is getting more and more bias towards the bullish reversal trend scenario either in yellow or white. A breakout either towards the white critical line or yellow critical line is still remain to be seen before I can determine which alt count that is more favourable. Happy weekends and good luck.