Tuesday, December 11, 2012

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

Gbp vs Jpy (1H) - At the moment, I am looking toward a potential of "bull trap" pattern to complete corrective wave b either refering to the alt counts in yellow or white before expecting a bearish reversal trend scenario to perform corrective wave c. Otherwise, I believe we may see another bullish rally to complete wave 5 in aqua.
Eur vs Jpy (1H) - Favourably, I am looking toward a potential of a bearish continuation trend scenario to perform corrective wave c.either refering to the alt counts in yellow or white. A pullback from FR 61.8% would bolster to this scenario. Otherwise, I believe we may see a double top scenario in aqua. Good luck.