Tuesday, February 15, 2011

Gbp vs Jpy 1H

Please be noted that due to the further uptrend breakout, the previous alt counts in yellow and aqua is already invalid. A bounce from the lower red channel and pivot critical line would indicate that market in favour to complete subwave 5 either in yellow or aqua. Otherwise, a breakout to the pivot and S3 critical line would favour to the bearish reversal trend scenario to complete corrective wave a. Good luck.