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Monday, August 3, 2009
Gbp vs Jpy 1H & Daily
Chart 1H - Favourably, I'm looking forward for a bearish trend scenario either to perfom a correcitve a,b and c in yellow or wave 2 in magenta. A breakout to the lower red trendline would bolster towards this scenario. Otherise, please be careful for any bullish continuation trend to complete the unfinish corrective wave b in white or any breakout toward the yellow or white critical line.
Chart Daily - Preferably, I'm looking forward for any possibility of major bearish continuation trend to perfom subwave 3 in 5/c in yellow. Otherwise, please be noted that this scenario will be invalid if there is any breakout towards the white/yellow critical line in which would indicates that perhap major wave 4 in magenta still in progress. Good luck.
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