Wednesday, June 8, 2011

Gbp vs Jpy 1H

At the moment, a potential of bullish reversal trend scenario is still yet remain to be seen. A breakout toward the aqua upper trendline is needed to determine that scenario is in favour. Otherwise, I believe we may see another bearish continuation trend scenario either to perform a "bear trap" pattern in aqua or further down to complete major wave v in magenta. Good luck.