Wednesday, May 25, 2011

Gbp vs Jpy 1H

At the moment, market have to break the upper magenta trendline and R3 critical line to bolster toward the bullish continuation trend scenario to complete subwave iii in yellow. Otherwise, please be extra careful toward a "rising wedge" pattern that would favour for either a bearish retracement trend scenario (aqua or white) or a bearish continuation trend scenario (magenta). Good luck.