Wednesday, October 12, 2011

Gbp vs Jpy 1H




Favourably, I believe market in progress to perform a bullish reversal trend scenario to complete subwave 3 in yellow. A further breakout toward the aqua critical line would bolster to this scenario. This scenario would be invalid if market further retrace and break the yellow critical line. Otherwise, we may see a strong retracement trend scenario perhap to complete subwave 2 in aqua. Good luck.