Monday, October 18, 2010

Gbp vs Jpy 1H

At this moment, I believed market just completed a "bear trap" pattern and therefore, I'm expecting market to perform a bullish reversal trend scenario to complete subcorrective wave c either in white or yellow. A breakout towards the pivot critical line would bolster to this scenario. Otherwise, please be careful for any breakout towards the S3 critical line. Good luck.