Monday, November 26, 2012

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

Gbp vs Jpy (1H) - At the moment, I'm looking toward a potential of bearish retracement trend scenario either refering to the alt counts in yellowor white. A breakout to the lower red trendline would bolster to this scenario. Otherwise, please be careful for an extension of wave 5 in aqua.

Eur vs Jpy (1H) - At the moment, I believe market in progress to perform a bearish retracement trend scenario either to perform corrective wave c in yellow/white or wave 4 in aqua. A valid diagonal triangle pattern would bolster to this scenario. Good luck.