Sunday, November 25, 2012

Gbp vs Jpy (1H) & Eur vs Jpy (1H)

Gbp vs Jpy (1H) - Favourably, I'm looking towards a potentail of bearish reversal trend scenario refering to the alt counts in yellow or whute. A breakout to the lower red trendline would bolster to this scenario. Otherwise we may see another rally to complete wave 5 in aqua.

Eur vs Jpy (1H) - Preferably, I believe market in progress to complete wave 5 (yellow or white) ir wave 3 (aqua). A pullback or a bulltrap pattern would bolster to this scenario. Good luck.