Monday, May 30, 2011

Gbp vs Jpy 1H

At the moment, market just bounce from the pivot critical line. A strong breakout toward magenta critical line would indicate that market may in progress to perfomr subwave iii either in yellow or aqua. Otherwise, market also have a potential to perform a "pullback" scenario from the upper magenta trendline to perform either corrective wave b in white or wave 5 in magenta. Good luck.