Monday, January 3, 2011

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

Gbp vs Jpy (1H) - At this moment, a breakout either to the aqua or white/yellow critical line is necessary to determine which alt counts that is in favour. Preferably, I'm looking forward for a further potential of bullish retracement trend scenario.

Gbp vs Usd (4H) - At this moment, a breakout toward the aqua/white critical line would favour to a potential of bearish reversal trend scenario to perform subwave iii either in yellow oe magenta. Otherwise, market may break the upper green trendline to perform the incomplete of either corrective wave b in white or motive wave 5 in magenta. Good luck.