Tuesday, June 30, 2009

Gbp vs Jpy 1H

Please be noted that market already break the upper green trendline and the previous yellow critical line. Therefore, I have to do a re-count towards the alt count in yellow. Due to that, preferably I believed market in progress to perform corrective wave b either in yellow or white before expecting for a bearish reversal trend. As long the white critical line is remain intact, I would favour to look for any possible bearish entry signal later. Otherwise, if the white critical line is taken, then I believed market still in progress to complete the major wave 4 (magenta) before expecting for any major bearish continuation trend to complete major wave 5. Good luck.

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