Sunday, June 5, 2011

Gbp vs Jpy 1H

At the moment, I believe market in progress to perform a bullish reversal trend scenario either refering to the alt counts in yellow or white. A breakout to the yellow upper trendline and a valid "Inverted Head and Shoulder" pattern would bolster to yellow alt scenario. Otherwise, please be careful for any breakout toward the pivot and S3 critical line. Good luck.