Thursday, May 19, 2011

Gbp vs Jpy & Gbp vs Usd - Market Overview



Gbp vs Jpy (1H) - Preferably, I believe market in progress to perform a bullish reversal trend scenario either refering to the alt counts in yellow or aqua. A valid "falling wedge" pattern would bolster to this scenario. Otherwise, please be careful for any breakout toward the bearish continuation critical line 1.



Gbp vs Usd (Daily) - Favourably, I'm looking forward for a potential of bullish retracement trend scenario either to perform a "Head and Shoulder" pattern in aqua or a "double top" pattern in yellow before expecting toward a potential of bearish reversal trend scenario to complete corrective wave c. Otherwise, please be careful for any breakout toward the bearish continuation critical line 1. Happy weekend and good luck.