Thursday, July 22, 2010

Gbp vs Jpy, Gbp vs Usd and Aus vs Usd - Market Overview

Gbp vs Jpy (1H) - At this moment, please analyse the latest possible alt counts and all critical lines. Favourably, I still looking forward market to perform a further bearish continuation trend scenario refering to the alt count in magenta. A breakout to the pivot and S3 critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the magenta critical line.

Gbp vs Usd (Daily) - Preferably, I believed market just performed a "bull trap" scenario and I'm looking forward for another bearish continuation trend scenario either to complete the corrective wave b in white (double bottom) or wave 5 in magenta. Otherwise, please be careful for any further bullish continuation trend later.

Aud vs Usd - I believed market in progress to complete major wave 2 either in white or magenta. Therefore, I'm expecting for a strong bearish continuation trend scenario later to perform a major wave 3 in C later. Please be careful for a "bull trap" scenario. Happy weekends and good luck.