Sunday, September 5, 2010

Gbp vs Jpy & Eur vs Usd - Market Overview

Gbp vs Jpy (1H) - At this moment, price just performed a strong falls back from the fibo 61.8% critical line, therefore, the bullish reversal trend scenario would still remain in doubt. Due to that scenario, I believed and looking forward for another bearish continuation trend scenario refering to the alt count in magenta.

Eur vs Usd (4H) - Preferably, I'm looking for a major bearish reversal trend scenario to complete corrective wave c either refering to the alt count in white or aqua. A valid rising wedge pattern would bolster to this scenario. Please be careful for a possbile "bull trap" pattern later. Good luck.

I also would like to take this opportunity to wish all muslim a very happy, prosperous and great meaningful Hari Raya Aidilfitri. "Maaf Zahir & Batin jika selama ini ada tersinggung or terkasar bahasa". Careful driving and have a safe journey. See you all next week.