Monday, March 21, 2011

Gbp vs Jpy 1H

At this moment, I'm looking forward for a potential of either bearish retracement trend scenario in yellow or bearish reversal trend scenario in aqua. A strong pullback from the aqua critical line and follow by a breakout to the white critical line would bolster to this scenario. Otherwise, we may see market to perform a bullish continuation trend scenario to complete subwave 5 in white. Good luck.