Tuesday, December 28, 2010

Gbp vs Jpy 1H and Weekly

Gbp vs Jpy (1H) - Please be noted that due to the further bearish continuation trend scenario, the previous alt counts in yellow and aqua is alread invalid. At this moment, further breakout towards the yellow critical line would bolster to the alt count in white. Otherwise, if market further break the pivot & white critical line, we may see a bullish retracement trend scenario either to complete corrective wave a in yellow or wave 4 in aqua.

Gbp vs Jpy (Weekly) - At this moment, I'm looking for a potential bounce and "triple bottom" scenario refering to the alt count in yellow. Otherwise, a further bearish continuation trend scenario would indicate that market may in progress to complete the unfinish major wave 5 in white. Good luck.