Sunday, May 15, 2011

Gbp vs Jpy 1H



At the moment, I believe market have a good potential to perform a bullish reversal trend scenario either refering to the alt counts in yellow or white. A valid "diagonal triangle pattern" and a breakout toward the pivot and R3 critical line would bolster to this scenario. Otherwise, market may perform another bearish continuation trend either refering to the alt counts in aqua or magenta. Good luck.