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Time now: Jun 1, 12:00 AM

Analysis GBP/JPY

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At this moment market in corrective phase (small teal triangle). Until now, wave count in yellow still valid unless the price break the bearish continuation line. So watch closely which breakout will take place later. Good luck.
 
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There is 2 possibility wave count at the moment. Its still unclear which is the major trend later. The price still in correctice zones and I need to wait for a strong breakout to confirm. Please always remember that wave 5 (cyan) could be a truncated which is either will establish a "double top" or lower then wave 3 high. Better to stay out from market unless the price approaching any critical line later. p/s wave 4 in iv always the hardest market phase to predict.
 
salam bro Desire!!
takde tip ke nak kasi kita..tgk acc. bro bukan main dashat,bulih la bg ilmu skit:D :D

Tips mudah jek,

Control margin...

Study CS pattern lebih mendalam...

Dan solat jgn tinggal ...
 
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At this moment, price moving towards the critical zones which are more bias for bearish scenario. Its look likely wave iv already established but its still unclear unless we have a good breakout into red triangles zones. Please make a revission about all the possible counts and watch closely those critical lines. Just wait for everything to be unfold 1st.
 
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At the moment price already at the bullish critical 1. This scenario indicates more favourable to bearish continuation trend, but I still need to wait for few a more confirmation aspect. Even BSTS also showing a mix signal which is I presumed its not a good time to make any new entry yet. For summary, hereby I would explain 3 possibilities scenario :
1) Price start to bullish again to complete the uncompleted wave iv ?
2) Price start to bearish continuation to establish a triple bottom to complete wave v & 5 (white) before going upwards again for a Bullish Reversal.
3) Price start to bearish continuation to complete wave v & 5 (yellow).
Please becarefull before making any entry. Have a nice day.
 

Live Forex Chart

Currency
Rates
EUR / USD
1.13912
USD / JPY
157.250
GBP / USD
1.32425
USD / CHF
0.82895
USD / CAD
1.41534
EUR / JPY
179.126
AUD / USD
0.70270
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