Thursday, September 22, 2011

Gbp vs Jpy 1H & Weekly


Gbp vs Jpy (1H) - At the moment, favourably I believe market will perform another bearish continuation trend scenario either refering to the alt counts in aqua or magenta. A pullback from the pivot critical line or FR 38.2% would bolster to this scenario. Otherwise, we may see a potential bullish reversal trend scenario in yellow.


Gbp vs Jpy (Weekly) - At the moment, I believe market in progress to complete major wave 5. A potential of "Bear Trap" or bullish reversal trend scenario in yellow is still remain to be seen. Happy weekend and good luck.