Sunday, June 6, 2010

Gbp vs Jpy 1H


At this moment, I believed market in progress to complete subwave 3 either refering to the alt counts in white (double bottom ?) or magenta. Please be careful towards a bullish retracement trend scenario later to perform subwave 4 either in white or magenta. A breakout to the bearish continuation critical line 1 would indicate that we may see an extension of subwave 3 in magenta. Otherwise, please be careful for any bounce scenario. Good luck.