Tuesday, January 25, 2011

Gbp vs Jpy 1H

At this moment, I believe market already in bearish reversal trend scenario. But please be noted that I'm expecting market will perform a bullish retracement trend scenario to complete subwave iv in yellow with condition subwave iii is already completed. Otherwise, we may see another bearish continuation trend scenario to complete an extension of subwave iii in aqua before any potential bullish retracement trend scenario. Good luck.