Analysis GBP/JPY

[Jebatfx]

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

Chart 1H - Please study all possible counts and preferably, I'm looking for a bullish retracement before expecting for another bearish continuation either refering to alt counts in yellow or magenta. Otherwise if the price break the bullish continuation line 1, this scenario would be invalid. Therefore, please wait for any good entry signal from BSTS later.

Chart 4H - I'm looking forward for a bullish retracement later but please be careful for any bearish continuation scenario. Please be noted for any possible "double bottom" pattern scenario or any true breakout of the bearish continuation critical line 3.

Chart Daily - Preferably I'm looking for a further bearish continuation scenario refering either to the alt count in white or magenta later next week. A true breakout of the lower red trendline would bolster this scenario. Otherwise a breakout to the bullish continuation line 1 would favour to the alt count in yellow.

Summary :

1) Preferably, I'm looking forward for a bullish retracement later to complete subwave ii (yellow or magenta) once subwave i is completed before expecting for another bearish continuation scenario to perform subwave iii (yellow or magenta). A "double bottom" pattern scenario and a strong resistance from the upper green trendline would bolster this scenario. Please be careful for any breakout to the bearish continuation line 3 and the bullish continuation line 1 later.

2) Otherwise, please be careful for any possibility a market movement refering to the alt count in white (TF 1H & 4H).

3) Please confirm which is the preferable counts and any entry from BSTS later.

Good lucks.

 

[Jebatfx]

At this moment, market already reached the lower red trendline and bounce back. I'm looking forward for a bullish retracement to complete subwave ii (yellow or magenta) before expecting for another bearish continuation to perform subwave iii (yellow or magenta). An establishment of possible "H & S" pattern (yellow rectangle) would bolster this scenario. Otherwise, we may see a bullish reversal trend according to the alt count in white. Preferably, advisable to standby for any bearish continuation signal from BSTS later. Good luck.

 

[Jebatfx]

I'm looking forward for a market to perform a corrective a,b,c,d,e (cyan) and subwave ii (yellow) before expecting for another bearish continuation to complete subwave iii (yellow). Otherwise we may see a bullish reversal according to the alt count in white. Good luck.

 

[Jebatfx]

Please be noted that due to the further bearish continuation trend, the previous alt count in white and the proposed corrective abcde is already invalid. I'm still looking for a bullish retracement phase to complete subwave iv once subwave iii (yellow or magenta) is completed. But please careful since there is a good possibility the market will be in bullish reversal trend according to the alt count in white. A "double bottom" pattern would bolster this scenario. Good luck.

 

[Jebatfx]

Until this moment, market still in strong bearish continuation either to complete subwave iii in white, yellow or magenta. Therefore please be extra careful if you are plan to make a bullish retracement entry. Advisable to wait a confirmation from BSTS 2 tf 4H for any retracement entry. But also be careful for any subwave iii extension scenario. Overall trend is Bearish, therefore please analyse your trading strategy and wait for a very good entry signal later. Good luck.

 

[PulunSakan]

thanks 4 ew charting and analysis
komitmen yg berterusan
teruskan amalan anda yg baik itu

 

[Jebatfx]

thanks 4 ew charting and analysis
komitmen yg berterusan
teruskan amalan anda yg baik itu

sama-sama and good luck to you.

Until this moment, market still in strong bearish continuation trend and I'm still looking for any sign of bullish retracement once subwave iii (yellow or magenta) is completed. Advisable to be wait for a very good retracement signal if you plan to make a retracement entry. Therefore please analyse all possible counts (white, yellow or magenta) and plan your next entry strategy. Please confirm it from BSTS later. Good luck.

 

[Jebatfx]

At this moment, I'm looking forward for a bullish retracement or corrective phase a,b,c (cyan or white) either to complete subwave iv (yellow) or major wave 4 (white) before expecting for another bearish continuation. Otherwise this scenario would be invalid if there is a further true breakout to the bearish continuation line 8 (magenta count). Please confirm any entry from BSTS later. Good luck.

 

[Jebatfx]

At this moment, I believed market in bullish retracement either to complete subwave iv (yellow) or wave 4 (white) before expecting for another bearish continuation either to complete subwave v in yellow or wave 5 in white. Otherwise we may see a bearish continuation to complete an extension subwave iii in magenta. Good luck.

 

[Jebatfx]

I'm looking forward for a completion of corrective subwave iv (magenta or yellow) or corrective subwave c in 4 (white) before expecting for another bearish continuation either to complete subwave v and major wave 3 (magenta or yellow) or major wave 5 (white). Therefore, advisable to wait for a bearish continuation entry signal from BSTS later once the bullish retracement phase is completed. Happy weekends and good luck.