Monday, September 20, 2010

Gbp vs Jpy 1H

At this moment, I believed market in progress to perform either a bearish retracement trend scenario in white or a bearish reversal trend scenario in magenta, Please be noted that market may perform a right shoulder 1st to complete subcorrective wave b in magenta before another bearish continuation trend. A strong breakout towards the yellow critical line later would bolster to boths scenario. Good luck.