Tuesday, August 11, 2009

Gbp vs Jpy, Eur vs Usd and Gbp vs Usd - Market Overview


Gbp vs Jpy (1H) - At this moment, I believed market in progress to complete corrective wave a in yellow before expecting for a bullish retracement trend to perform corrective wave b. Therefore please watch closely for any breakout or bounce scenario at the lower red trendline later. Advisable to look for any opportunity towards a bearish continuation entry signal from BSTS later. Otherwise, market may only perform an expanding flat corrective refering to the alt count in white where as we may see another strong bounce scenario to complete wave 5 in white or magenta.


Gbp vs Jpy (Weekly) - Preferably, I'm looking forward for a major bearish continuation trend scenario to perform major wave 5/c in yellow. Otherwise, we may see another bullish rally to complete the unfinish major wave 4 either in white or magenta.


Gbp vs Usd (Daily) - Market just perform a strong pullback scenario. Favourably, I'm looking forward for a bearish reversal trend scenario to perform corrective wave a, b and c in yellow OR a major bearish continuation trend scenario to complete major wave 5 in magenta. Otherwise, we may see another bullish rally refering to the alt count in white scenario.


Eur vs Usd (Weekly) - Preferably, I believed market in progress to perform a major wave iii in yellow as long the yellow critical line is remain intact. Otherwise, if the critical line is taken, then market in favour to complete the unfinish major correctuve wave b in white before expecting for another major bearish reversal trend to perform major wave c.
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Good luck.


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