Tuesday, November 20, 2012

Gbp vs Jpy 1H

At the moment, due to the yesterday breakout, I believe market in progress to complete an extension of either wave 3 in aqua or wave 5 in yellow. Therefore. I'm looking forward for a possible retracement either to complete corrective wave a (yellow) or wave 4 (aqua). Otherwise, we may see another bullish rally until FE261.8 before any potential of retracement. Good luck.