Sunday, January 2, 2011

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

Gbp vs Jpy (1H) - Favourably, I'm looking forward for a potential bullish reversal trend scenario either refering to the alt count in yellow or white. Otherwise, we may see another bearish continuation trend scenario to perform the incomplete of wave 5 in aqua.

Gbp vs Usd (4H) - At this moment, a strong pullback from the upper green trendline and follow by a breakout towards the bearish continuation critical line 1 and 2 would bolster to the potential bearish reversal trend scenario refering to the alt count either in yellow or magenta. Otherwise, a breakout towards the bullish continuation critical line 1 would favour to the bullish continuation trend scenario either in white or aqua. Welcome 2011 and good luck.