Wednesday, December 5, 2012

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

Gbp vs Jpy (1H) - Preferably, I believe market will perform a bearish reversal trend scenario either refering to the alt counts in yellow or white. A valid diagonal triangle pattern would bolster to this scenario. Otherwise, we may see a potential of triple top scenario in aqua (refer daily naked chart) before consideration for a reversal.

Eur vs Jpy (1H) - At the moment, I believe market have a good potential to perform a bearish reversal trend scenario either refering to the alt counts in yellow or white. A valid diagonal triangle pattern and follow by a breakout toward the aqua critical line would bolster to this scenario. Otherwise, please be careful for another bull rally in aqua. Good luck.