Sunday, January 16, 2011

Gbp vs Jpy 1H

At this moment, I believe the bullish trend will end soon and market just completed the "bull trap" pattern either refering to the alt counts in aqua or white. A breakout to the pivot critical line and lower white trendline would bolster to this scenario. Otherwise, the exausted bull market may going up to complete the unfinish of wave 5 in yellow. Good luck.