Wednesday, March 16, 2011

Gbp vs Jpy 1H & Weekly

Gbp vs Jpy (1H) - Please be noted that due to the strong bearish continuation trend scenario, the previous alt counts was already invalid. Preferably, I believe market just in bullish retracement trend scenario before expecting market to perform another bearish continuation trend scenario either to complete corrective wave B in yellow or wave 5 in aqua (truncated) or wave 5 in white (impulsive).

Gbp vs Jpy (Weekly) - At this moment, I believe market in progress to complete major wave 5 either refering to the alt count in yellow, aqua or white. Preferably, I'm looking toward a potential of truncated major wave 5 (bullish reversal) either in yellow or aqua. Good luck.