Tuesday, November 1, 2011

Gbp vs Jpy 1H

At the moment, I'm looking forward for a potential of bullish continuation trend scenario either to perform subcorrective wave b (white), wave 5 (aqua/truncated) or subwave v (yellow). A valid "Falling Wedge" pattern in yellow would bolster to this scenario. Otherwise, please be careful for any breakout toward the bearish continuation critcal line 1. Good luck.