Monday, December 12, 2011

Gbp vs Jpy, Aud vs Usd & Eur vs Jpy - Market Overview

Gbp vs Jpy (1H) - At the moment, a strong breakout either to the R3 or S3 critical line is necessary to determine which alt counts that is more in favour.

Aud vs Usd (Daily) - Preferably, I believe market have a strong potential to perform a major bearish reversal trend scenario in yellow.Otherwise, we may see another bullish rally either to complete corrective wave B in white or wave 5 in magenta.

Eur vs Jpy (Weekly) - Favourably, I'm looking forward for a potential of major bullish reversal trend scenario in yellow. Otherwise, we may see another bearish rally to perform the incomplete of major wave 5 in white. Good luck.