Sunday, August 22, 2010

Gbp vs Jpy & Eur vs Usd - Market Overview

Gbp vs Jpy (1H) - At this moment, market have a strong possibility towards a bullish reversal trend either refering to the alt count in yellow or magenta. But, please be noted that market still have potential to perform another bearish continuation trend scenario to complete subwave v in white before expecting for any bullish reversal trend.

Eur vs Usd (4H) - At this moment, I believed market in progress either to complete subwave v in aqua or corrective wave C in white. Please be noted that market also have a strong possibility to perform a bullish retracement trend 1st to complete corrective wave b either in aqua or yellow before expecting for another strong bearish continuation trend scenario. Good luck.