Sunday, November 14, 2010

Gbp vs Jpy 1H

At this moment, I'm looking forward to a potential "bull trap" scenario and therefore, I believed market will perform a bearish reversal trend scenario later. A "pullback" from the white/aqua critical line or R3 critical line and follow by a breakout towards the pivot critical line would bolster to this scenario. Otherwise, please be careful for another exausted bullish rally refering to the alt count in yellow. I also would like to take this opportunity to wish all muslims a Happy Hari Raya AidilAdha and maaf zahir batin. Careful in driving to your hometown. Good luck.