Tuesday, October 18, 2011

Gbp vs Jpy 1H

At the moment, I believe market in progress to complete subwave 2 either refering to the alt counts in yellow or aqua before a potential of bullish continuation trend scenario. A bounce from either Fr 50% or 61.8% would bolster to this scenario. Otherwise, we may see market further perform a bearish continuation trend scenario in magenta. Good luck.