Monday, January 2, 2012

Gbp vs Jpy & Eur vs Jpy - Market Overview

Gbp vs Jpy (4H) - Preferably, I'm looking forward for a potential of bullish retracement trend scenario either to complete subwave iv in yellow or aqua. A strong bounce from the white critical line and follow by a pullback from either FR 50% or 61.8% would bolster to this scenario.

Eur vs Jpy (Weekly) - Favourably, I believe market in progress to complete the typical "Bear Trap" behaviour in the diagonal triangle pattern. Therefore, I'm looking forward for a potential of major bullish reversal trend scenario in yellow. Happy New Year to all and good luck.