Wednesday, February 29, 2012

Gbp vs Jpy 41H


Favourably, I believe market in progress to complete a "bull trap" pattern of subcorrective wave b before a potential of bearish retracement trend scenario to perform subcorrective wave c/4 either in aqua or yellow. A pullback or false breakout from the aqua/yellow critical line would bolster to this scenario. Otherwise we may see another bulllish continuation trend scenario in white. Good luck.