Wednesday, December 29, 2010

Gbp vs Jpy & Gbp vs Usd - Market Overview

Gbp vs Jpy (1H) - At this moment, a valid "descending triangle" bearish continuation pattern would bolster toward the alt count in white scenario. Otherwise, market may perform a diagonal triangle trap pattern or bounce scenario from the yellow critical line.

Gbp vs Usd (4H) - At this moment, I'm looking forward for a potential bullish trend scenario either to complete subwave ii in yellow or the unfinish of corrective wave b in white or wave 5 in aqua. Good luck