Sunday, February 27, 2011

Gbp vs Jpy 1H, Daily & Weekly


Gbp vs Jpy (1H) - At this moment, I believe market in bearish reversal trend scenario either refering to the alt counts in yellow, white or aqua. Favourably, I'm looking forward for a potential bullish reversal trend scenario either refering to the alt counts in yellow or white. Therefore, please monitor for any breakouts.


Gbp vs Jpy (Daily) - Favourably, I'm looking forward for a potential truncated major wave 5 in yellow. Therefore, if valid I believe market will perform a bullish continuation trend scenario to perform subwave 3, 4 and 5 in a in yellow. Otherwise, we may see another major bearish continuation trend scenario to complete a double bottom of major wave 5 or further new low of magenta.


Gbp vs Jpy (Weekly) - A valid triple bottom and and a further bullish continuation trend scenario would bolster to the trucated scenario or major wave 5 in yellow. Otherwise, we may see another bearish continuation trend scenario either in white or magenta. Good luck.