Sunday, May 8, 2011
Gbp vs Jpy 1H & Daily
Gbp vs Jpy (1H) - At this moment, a breakout toward the upper green trendline would bolster to the alt count in aqua scenario. Otherwise, we may see another bearish continuation trend scenario to perform the incomplete of corrective wave c either in yellow ("Bear Trap"), white or magenta.
Gbp vs Jpy (Daily) - Preferably, I'm looking forward for an opportunity toward a major bullish reversal trend scenario either refering to the alt count in yellow or white. A strong bounce either from the Fibo Ret critical line 50% or 61.8% would bolster to this scenario. Otherwise, please be careful toward a potential of bearish continuation trend scenario to perform the incomplete or major wave 5 in magenta. Good luck.