Sunday, December 9, 2012

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

Gbp vs Jpy (1) - At the moment, market just bounced from support. A breakout toward the aqua critical line would bolster to the bearish reversal trend scenario in yellow. Otherwise, we may see a potential of triple top scenario in white (b) or another bullish rally in magenta.

Eur vs Jpy (1H) - Preferably, I believed wave 5 is already completed and market in progress to perform a bearish reversal trend scenario. At the moment, I am looking forward market to perform a corrective wave b either in white or aqua before expecting toward another bearish continuation trend scenario. Otherwise, market may further go down to complete corrective wave a in yellow. Good luck.