Monday, December 3, 2012

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

Gbp vs Jpy (1H) - Preferably, I'm looking for a "bull trap" pattern in yellow before expecting toward a potential of bearish reversal trend scenario. Otherwise,we may see  market further down to complete subwave iii in white.

Eur vs Jpy (1H) -Favourably, I believe market in progress to complete subwave v/5 in yellow before expecting toward a potential of bearish reversal trend scenario. A breakout to the bullish continuation critical line 1 would bolster to this scenario. Otherwise, market may already in a bearish reversal trend scenario to complete corrective wave a in white. Good luck.