Wednesday, March 30, 2011

Gbp vs Jpy 1H

At the moment, due to the breakout toward the previous aqua/yellow critical line, therefore please analyse latest 3 potential scenario. Yesterday breakout indicate that market in progress to complete subwave 5 either refering to the alt counts in yellow, aqua or white. A valid diagonal triangle pattern later would determine that the bullish trend is already exausted. Otherwise, please be careful for a potential of an extension of subwave 5 in white. Good luck.