Tuesday, June 28, 2011

Gbp vs Jpy 1H

At the moment, market already break the major upper green trendline. A further bullish continuation trend scenario would bolster to the alt counts either in white or yellow. I believe market have potential to perform another bullish continuation trend scenario to complete corrective wave a in yellow before a possible of bearish retracement trend scenario to perform corrective wave b. Otherwise, please be careful toward a potential of "false breakout" scenario in aqua. Good luck.