Thursday, October 13, 2011

Gbp vs Jpy 41H

At the moment, I'm looking forward for a potential of bearish retracement trend scenario to complete subwave 2 in yellow. A breakout toward the lower red trendline and follow by a strong bounce either from Fr 50% or 61.8% would bolster to this scenario. Otherwise, please be careful for another bearish continuation trend scenario in aqua or magenta. Good luck.