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Time now: Jun 1, 12:00 AM

Analysis GBP/JPY

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I believed market in bearish reversal trend either refering to alt count in yellow or magenta. Otherwise, we may see a bullish continuation again according to the alt count in white. Preferably, market either in the making of subwave i (yellow) or a (magenta). Therefore please trailing your entry by moving your SL and later find a close signal from BSTS. Happy weekends.
 
Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

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Chart 1H - Preferably, I believed market already in bearish reversal trend either to complete subwave i (yellow) or subwave a (magenta). A further downside movement would bolster this scenario. Otherwise, market maybe in retracement phase before another bullish continuation to complete wave 5 (white).

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Chart 4H - I'm looking further a downside movement before the price going upward again for a retracement to complete either the subwave ii (yellow) or wave b (magenta). Please analyse BSTS 3 and BSTS 2 in 4H chart for further bearish continuation trend at the moment.

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Chart Daily - Market either still in bullish reversal (continuation) to complete wave C (yellow) or the establishment of wave 4 (magenta) before another major bearish trend to complete wave 5 (magenta). Please analyse BSTS 2 in Daily to decide which trend is more favourable.

Summary :

1) Preferably market in bearish reversal trend to complete the major corrective phase either according to the alt count in yellow or magenta.

2) Please be carefull to the alt count in white.

Good luck.
 
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Please analyse all alt counts and monitor from BSTS which count is more preferable. I'm looking forward for a bearish reversal trend to complete major corrective a, b and c within this week either refering to the alt count in yellow or magenta. A further downside breakout would bolster this scenario. Expecting later, the price will bounce going upwards to complete subwave ii (yellow) or wave b (magenta) before we could see a major downside movement later. But don't forget the possibility of the alt count in white. Have a nice day.
 
fooyoooh............... payah nak dpt ilmu ni, kena tunggu 3 thn lagi ler br boleh lukis mcm ni............
 
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Due to the breakout to my magenta horizontal line, preferably the alt count in white considered as invalid. Therefore I'm looking forward market to perform a bearish reversal trend either refering to the alt count in yellow or magenta. Favourably, looking forward for a completion of either subwave i (yellow) or wave b (mangeta) soon before expecting to see a bullish retracement trend either to complete subwave ii (yellow) or wave b (magenta). Please bear in mind that both scenario would be in major doubt if the price make a true breakout at 213.28. Good luck.
 
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I believed subwave i (yellow) or wave a (magenta) is already completed and looking forward for a completion of subwave ii (yellow) or wave b (magenta) before we could see a possible further bearish continuation to complete subwave iii (yellow) or wave c (magenta). This scenario would considered valid if 213.28 still intact (true breakout). Preferably expecting for a bearish continuation trend later to complete wave c (yellow or magenta). Therefore, please look for a short entry from BSTS later. Good luck.

p/s : yesterday b was refering to a, technically typing error, sorry.
 
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At this moment, price moving inside the teal triangle. Its look like market will again perform a corrective subwave abcde (cyan) before possibility a breakout to the lower major trendline for a bearish continuation to complete wave c (yellow or magenta). Please be carefull for any breakout to the upper teal triangle. Good luck.
 
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Due to the breakout to my upper teal triangle, preferably alt count in yellow become invalid. Please noted that I make a new recount refering to the alt count in white. Please be extra carefull since market is getting more complex. Favourably, I'm bias towards the alt count in magenta but anything is possible in forex. So good luck.
 

Live Forex Chart

Currency
Rates
EUR / USD
1.13869
USD / JPY
158.177
GBP / USD
1.32426
USD / CHF
0.82379
USD / CAD
1.40923
EUR / JPY
180.218
AUD / USD
0.70394
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