Favourably, I believe the bearish trend is already exausted. Therefore, I'm looking forward for a potential of either a bullish reversal trend in yellow or a bullish retracement trend in magenta. Otherwise, please be careful since market also have potential to re-test the previous support 118.79. Good luck.
At the moment, market just pullback from the R3 critical line. A breakout toward the bearish continuation critical line 1 would favour to the 118.xx scenario (magenta). Otherwise, I'm looking forward for a good opportunity toward a bullish reversal trend scenario either in aqua or yellow. Happy Malaysia Day and good luck.
Gbp vs Jpy (1H) - At the moment, I believe market will perform another bearish continuation trend scenario either to complete subcorrective wave b in yellow or the incomplete of subwave 5 in magenta before any potential towards a bullish reversal trend senario. A valid "sub-rising wedge" pattern in magenta would bolster to this scenario.
Gbp vs Jpy (4H) - Favourably, I believe market just in progress to complete a "Bear Trap" scenario which is a typical pattern in diagonal triangle reversal indentification. Either we shall see market to further down until 118.xx before a possible reversal or reversal soon is still yet remain to be seen. Good luck.
Gbp vs Jpy (1H) - At the moment, favourably I believe market will perform another bearish continuation trend scenario either refering to the alt counts in aqua or magenta. A pullback from the pivot critical line or FR 38.2% would bolster to this scenario. Otherwise, we may see a potential bullish reversal trend scenario in yellow.
Gbp vs Jpy (Weekly) - At the moment, I believe market in progress to complete major wave 5. A potential of "Bear Trap" or bullish reversal trend scenario in yellow is still remain to be seen. Happy weekend and good luck.
Preferably, I believe market in progress to complete either subwave 4 in magenta/aqua or subcorrective wave a in yellow before expecting for another bearish continuation trend scenario either to perform subwave 5 or subcorrective wave b. A pullback either from the FR 50% or upper green trendline would bolster to this scenario. Good luck.
Gbp vs Jpy (1H) - At the moment, I'm looking forward for a potential of bearish retracement scenario to complete subcorrective wave b in yellow before expecting for another bullish continuation trend scenario. Otherwise, we may see another bullish continuation trend scenario in white.
Gbp vs Jpy (4H) - Preferably, I'm looking forward for a formation of potential "Inverted Head n Shoulder" pattern in yellow that would favour toward a bullish reversal trend scenario. Otherwise, we may see another strong bearish continuation trend scenario in magenta. Good luck.
At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua (double bottom). Otherwise, please be careful for any breakout toward the bearish continuation critical line 2. Good luck.
At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua. A breakout towards the upper green trendline would bolster to this scenario. Otherwise, please be careful for another extension or major wave 5 in magenta. Happy weekend and good luck.
