Monday, February 21, 2011

Gbp vs Jpy 1H

At this moment, I'm expecting market to start a bearish reversal trend scenario to complete corrective wave a either refering to the alt counts in white or aqua. I believe market will perform a breakout toward the pivot and yellow critical line respectively. Please be careful for any potential bounce scenario from the major lower red trendline and S3 critical line. Good luck.