Sunday, December 12, 2010

Gbp vs Jpy 1H

At this moment, a breakout toward the lower red trendline and aqua critical line would bolster to the potential of bearish retracement trend scenario either to complete subwave iv in white or subcorrective wave c in yellow. Otherwise we may see market going further up to complete subwave v in aqua. Please analyze and monitor all critical lines for any breakout later. Good luck.