Thursday, February 3, 2011

Gbp vs Jpy 1H


Favourably, I believe market in progress to perform a bearish reversal trend scenario either refering to the alt counts in yellow or aqua. Please be careful for any potential toward a bullish retracement trend scenario to perform subwave 2 later. Otherwise, we may see a horizontal triangle corrective pattern abcde in 4 refering to the alt count in white which would favour toward a potential bullish continuation trend scenario to complete major wave 5. Please be careful for NFP annoucement at 9.30pm tonight (GMT +8). Happy weekend and good luck.