Monday, March 14, 2011

Gbp vs Jpy 1H

At this moment, I'm expecting market to perform a bearish continuation trend scenario once the retracement is completed. Either we shall see a pullback from the upper green trendline or market will perform a bull trap scenario 1st. to complete subcorrective wave a in yellow before a pullback is still yet remain to be seen. Otherwise, please be carefull for any breakout toward the R3 critical line. Good luck.