Sunday, March 18, 2012

Gbp vs Jpy 4H and Weekly

Gbp vs Jpy (4H) - At the moment, a pullback from the bullish continuation critical line 1 and a breakout toward the lower red trendline would bolster to the alt counts either in yellow or aqua. Otherwise, we may see another extension of wave 5 in white.

Gbp vs Jpy (Weekly) - At the moment, I believe market in progress to perform a major bullish reversal trend scenario either refering to the alt counts in yellow or white. Therefore, I'm looking forward for a potential of a bearish retracement trend opportunity later to perform corrective wave B. Good lucks.