Sunday, October 31, 2010

Gbp vs Jpy 1H

At this moment, market already performed a strong breakout towards the bullish critical line line. This would bolster towards the potential bullish reversal trend scenario. But please be aware and careful that market may perform an initial of bearish retracement trend scenario 1st either to perform corretice wave b in yellow or magenta (double bottom). Otherwise, we may see a potential bullish continuation trend scenario refering to the impulsive subwave in white. Good luck.