Tuesday, November 9, 2010

Gbp vs Jpy 1H

At this moment, favourably I believed market in progress to perform either subcorrective wave b either in yellow or magenta (double top) before expecting towards a bearish reversal trend to complete subwave c in b. A valid "Head and shoulder" reversal pattern would bolster to this scenario. Otherwise, we may see another bullish rally to complete subwave 5 either in aqua or white. Good luck.