Monday, February 14, 2011

Gbp vs Jpy 1H

At this moment, market still consolidated near the pivot critical area. Preferably, I'm looking for an opportunity toward a bearish reversal trend scenario either refering to the alt count in aqua or yellow. A pullback from the pivot critical line and follow by a breakout to the S3 critical line would bolster to this scenario. Otherwise, we may see another bullish continuation critical line to complete subwave 5 in white. I also would like to wish a Happy Maulidur Rasul to all muslims. Good luck.