Wednesday, February 25, 2009

Gbp vs Jpy 1H


Please be noted that due to the breakout, I made a recount referring to the alt counts in yellow and white. Eventhough, favourably market in bullish trend (maybe magenta) but please be extra careful, since I believed market will perform a bearish retracement trend either to complete the latest alt counts either to perform wave in white or major corrective wave b in yellow within this week. A bulllish trap and a double top pattern would bolster this scenario. Otherwise we may see another breakout to complete subwave iii in magenta (please refer FE 161.8%). Good luck.

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