Tuesday, March 1, 2011

Gbp vs Jpy 1H

Favourably, I believe market in bearish retracement trend scenario to complete subwave either refering to the alt counts in aqua, white or yellow. Please be noted that, I'm expecting market to perform another bullish continuation trend scenario either to complete subcorrective wave b in aqua or subwave v in white or subcorrective wave c in yellow. A potential bounce from the fibo retracement critical line would bolster to this scenario. Otherwise, we may see a further bearish reversal trend scenario later. Good luck.