Wednesday, April 20, 2011

Gbp vs Jpy 1H

Favourably, as long the yellow/aqua criticai line is remain intact, I believe market have more potential to perform another bearish continuation trend scenario either refering to the alt counts in yellow or aqua before expecting for any opportunity toward a bullish reversal trend scenario. A breakout to the pivot and bearish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful for any breakout toward the R3 critical line. Good luck.