Thursday, February 5, 2009

Gbp vs Jpy 1H


At this moment, market just performed a pullback scenario from the yellow critical line. Therefore, advisable to wait for 2nd breakout later to determine which alt counts that is more favourable. Preferably, I'm still looking for any opportunity towards the bearish retracement trend later to complete corrective wave b in yellow. But, otherwise a breakout to the yellow critical line later would bolster the bullish continuation trend referring to the alt count in white. Also, please be noted that there will be a NFP news announcement this Friday.

No comments: