Analysis GBP/JPY

[Jebatfx]

At this moment, I'm still waiting for a true breakout either to the upper or lower teal triangle trendline before I can determine which alt count is more favourable. Overall, I'm looking for an opportunity for a bullish reversal trend once wave 5 is completed. But please be extra careful for a bearish continuation scenario referring to the alt count in yellow. Good luck.

 

[Jebatfx]

Preferably, I believed a truncated wave 5 (white or magenta) is already established and looking forward for a bullish reversal trend to perform a major corrective a,b and c. A valid triple bottom pattern and a further breakout to the upper green trendline and critical line 1 would bolster this scenario. Otherwise a breakout to the bearish continuation line 7 would put this scenario in major doubt (yellow). Good luck and happy weekend.

 

[Jebatfx]

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

Chart 1H - I'm looking forward for a bullish reversal trend to complete corrective wave a, b and c refering either to the alt counts in white or magenta. Otherwise, please be careful for any possibility according to the alt count in yellow. Please be noted that corrective wave b is possible to perform a triple bottom before any bullish continuation to perform corrective wave c (magenta).

Chart 4H - Please analyse all possible alt counts and advisable to look for any bullish continuation entry signal from BSTS later once wave b (white or magenta) is completed. But please be careful for any scenario to perform subwave ii in yellow. Please be noted that the alt count in yellow would be invalid if there is any true breakout to the yellow critical line.

Chart Daily - Please watch closely the green upper trendline for either to complete wave a in magenta of any breakout to perform wave a in white. Preferably, I'm looking for any possibility of a truncated wave 5 (white or magenta) and a bullish reversal trend to perform corrective wave a, b and c.

Summary :

1) Preferably I believed market already completed a truncated wave 5 (white or magenta) and looking forward for a bullish reversal trend to perform corrective a, b and c.

2) Please be noted wave b could retrace according to the alt count in white or in magenta (triple bottom). Therefore, please confirm from BSTS later.

3) Otherwise please be careful for a possibility of a bearish continuation scenario referring to the alt count in yellow.

Good lucks.

 

[Jebatfx]

At this moment, I divided market in 3 possible alt counts scenario which is :

1) Magenta - market in progress to perform subwave c in b before expecting for another bullish continuation to perform corrective wave c.
2) White - market still in progress to complete subwave 5 in a before expecting a bearish retracement to complete corrective wave b.
3) Yellow - market already completed subwave ii before expecting for another bearish continuation to complete subwave iii in 5.

Therefore, please analyse which alt counts is more favourable and confirm it from BSTS later. Basically, I'm looking for any possibility referring to the bullish reversal scenario (magenta or white). Good luck.

 

[Jebatfx]

At this moment, please be noted that the previous alt count in white is already invalid. Therefore please analyse the latest possible alt counts. Preferably, I believed wave b (magenta or white) is already completed and looking forward for further bullish continuation to perform subwave 1 in wave c (magenta or white). but please be extra careful for any possibility according to the alt count in yellow. Please watch carefully all the critical lines for the respective alt counts. Good luck.

 

[Jebatfx]

Due to the current downside movement, this indicated that subwave c in wave b (magenta or white) still in progress. Therefore, I'm looking forward for a confirmation that wave b is already completed. A valid triple bottom pattern and a further breakout to the upper green trendline would bolster this scenario. Otherwise a true breakout to the magenta/white critical line would favour to the alt count in yellow, but please be extra careful for any "Bearish Trap" scenario. Good luck.

 

[Jebatfx]

At this moment, preferably, I'm looking forward for a "bearish trap" scenario to complete wave b (white or magenta). But please be extra careful for an impulsive subwave iii in yellow. Good luck.

 

[Jebatfx]

Due to the current scenario, please analyse all possible alt counts and favourably, I'm looking forward for any possibility of the bullish reversal trend referring either to the alt counts in magenta or white. At this moment, I believed market in progress to perform subwave 1 (magenta or white) before expecting a bearish retracement to complete subwave 2 (magenta or white). A true breakout to the yellow critical line to perform subwave 1 (white) or subwave 3 (magenta or white) later would bolster this scenario. Otherwise we may see another bearish contiuation according to the alt count in yellow. Good luck.

 

[Jebatfx]

At this moment, I'm looking forward for a completion of subwave 2 (magenta or white) before expecting for another bullish continuation to perform subwave 3 in C. Please be noted that this scenario would be invalid if there is any true breakout to the bearish continuation line 8. So please be careful for any possibility of the bearish continuation trend (yellow). Good luck.

 

[Jebatfx]

Preferably, I'm looking forward for a further bullish continuation to determine a bullish reversal trend. Until now, I believed its either market in progress to complete subwave 3 in magenta or still to complete subwave 1 in white. And please be extra careful for any possibility towards the alt count in yellow. Advisable to look for any good bullish entry signal later from BSTS before making any entry. Good luck.