Sunday, June 12, 2011

Gbp vs Jpy 1H & Daily


Gbp vs Jpy (1H) - At the moment, I'm looking forward for a formation of "bear trap" pattern to be completed and an opportunity toward a bullish reversal trend scenario either refering to the alt counts in yellow or aqua. Otherwise, a breakout to the aqua critical line would determine that market may already in bullish reversal scenario to perform major corrective wave c in white.


Gbp vs Jpy (Daily) - Preferably, I believe market in progress to complete major wave 2 either refering to the alt counts in yellow or white. Therefore, I'm looking forward for a potential of bullish continuation trend scenario to perform major wave 3. A bounce from FR 61.8% would bolster to this scenario. Good luck.