Wednesday, April 6, 2011

Gbp vs Jpy 1H

At this moment, I'm looking forward for a potential or bearish retracement trend scenario either to perform subcorrective wave c in iv (yellow) or in 4 (white). A pullback from the R3 critical line and follow by a breakout to the lower red trendline would bolster to this scenario. Otherwise, we shall see an extension of wave 3 in aqua. Good luck.