Friday, May 1, 2009

Gbp vs Jpy 1H and Weekly


Chart 1H - At this moment, due to the breakout from the upper green trendline, market getting more bias towards the bullish continuation trend (white or magenta). But, favourably I'm still believed market should perform a bearish trend to complete a more convincing of subwave b in iv (yellow). So, please be extra careful.


Chart Weekly - At this moment, I believed market in progress to complete major wave iv either in white or yellow. Preferably, I'm looking for any bearish retracement trend to perform a corrective sub wave b (yellow) before expecting for another bullish continuation trend to complete major wave iv (yellow). Good luck and happy weekends.

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