Sunday, March 13, 2011

Gbp vs Jpy 1H

At this moment, I believe market in bullish retracement trend scenario either to complete subwave iv (magenta or white) or subcorrective wave b (yellow or aqua). Therefore, I'm looking forward for a potential of bearish continuation trend scenario once this retracement is complete. Otherwise, please be careful for any breakout toward the bullish continuation critical line 2. Good luck.