Thursday, April 30, 2009

Gbp vs Jpy 1H

Due to the strong uptrend scenario, I have to recounts and therefore please anaylse the latest alt counts available. Please be noted that a further breakout towards the upper green trendline and white/yellow critical line would bolster the bullish continuation trend scenario (magenta). Preferably, I'm still looking for any opportunity towards the bearish retracement trend to perform corrective wave b either in white or yellow. A pullback from the upper green trendline and a breakout towards the lower red trendline would bolster towards this scenario. Good luck.

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