Wednesday, January 26, 2011

Gbp vs Jpy 1H

At this moment, I believe market in progress to complete subwave iv either refering to the alt counts in yellow or aqua. Therefore, I'm looking forward for a potential bearish continuation trend scenario to complete subwave v in C later. A pullback and follow by a breakout toward the pivot critical line would bolster to this scenario. Otherwise, this scenario would invalid if market further break the aqua/yellow critical line. Good luck.