Thursday, January 6, 2011

Gbp vs Jpy (1H) & Gbp vs Usd (4H) - Market Overview


Gbp vs Jpy (1H) - At this moment, I'm looking forward for a potential bullish continuation trend scenario refering to the alt count in aqua. Otherwise, please be careful for any breakout toward the pivot critical line either to perform subcorrective wave c/4 in yellow or corrective wave c in white.


Gbp vs Usd (4H) - At this moment, I'm looking forward for a potential bearish reversal trend scenario refering to the alt count in yellow. A strong breakout toward the aqua/white critical line would bolster to this scenario. Otherwise, we may see another bullish continuation trend scenario to perform either the incomplete of corrective wave b in white or motive wave 5 in aqua. Good luck and happy weekend.