Thursday, December 30, 2010

Gbp vs Jpy, Gbp vs Usd and Aus vs Usd - Market Overview


Gbp vs Jpy (1H) - At this moment, a breakout towards the upper green trendline would bolster to a potential bullish reversal trend scenario either in yellow or white. Otherwise, we may see a further bearish continuation trend scenario in aqua.


Gbp vs Usd (4H) - At this moment, I'm looking for a potential of bearish continuation trend scenario either refering to the alt counts in yellow (ii completed) or magenta (ii incomplete @ "Expanded Flat"). Otherwise, we may see another bullish continuation trend scenario either to complete the unfinish of corrective wave b in white or wave 5 in aqua.


Aud vs Usd (Daily) - At this moment, I'm looking forward for a potential "double top" bearish reversal trend scenario to complete subcorrective wave C either in white or yellow. Otherwise, please be careful for another bullish continuation trend scenario to perform the incomplete or major wave 5 in magenta. I would like also to wish a Happy New Year to all. May this year of 2011 be a year of health, happiness and success. Good luck.