Monday, April 26, 2010

Gbp vs Jpy 4H

At this moment, a further breakout towards the lower red trendline is still yet remain to be seen to bolster toward either the alt counts in white or magenta scenario. Otherwise, a breakout towards the major upper yellow trendline would confirm market still in progress to complete wave 5 in yellow. Preferably, advisable to look for an opportunity towards a bearish entry once market perform any bullish retracement trend with condition that the major upper yellow trendline is remain intact. Good luck.