Analysis GBP/JPY

[ammar5]

mari-mari....kita tgk tempat bounce GJ.....garisan putih atas nu....

 

[asik rugi jer]

H1

fall expected to extension profit

 

[profesor]

 

[Jebatfx]

Market in small retracement phase at the moment. Unless the price break the pivot point, I believed there will be a bullish continuation later to complete wave v and 5. Looking forwards for a wave 5 truncated later unless the price break my bullish continuation critical line 4. Good luck and happy weekends.

 

[asik rugi jer]

h4

wave a x lengkap lagi sebelum wave b ambil alih dan wave c mengatur gerak tempur

 

[Jebatfx]

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

Chart 1H - Please study all the 3 possibility wave counts (yellow, white & magenta) and try to analyze which one is more preferable. If there is a bullish continuation, then we shall see either wave 5 is truncated (yellow) or an impulsive (white). Unless price break the retracement critical line which is favourable to magenta count, the bullish continuation scenario would still be valid.

Chart 4H - Unless there is a true breakout to the bullish continuation critical line 2, I believed most probably wave 5 will be a truncated wave scenario. Therefore please looking for a bearish reversal signal from BSTS later.

Chart Daily - Unless we see a true breakout to the upper lime trendline and later to the bullsih continuation critical line 2, I believed market preferably in magenta a b c counts to complete major wave b (yellow). Overall, last week daily pre market oveview chart forecast are still valid until this moment. Otherwise we may see a bullish continuation to complete wave c (white) and 4 (cyan) later.

Summary :-

Preferable, market in bullish continuation phase to complete wave 5 which is favourably a truncated wave..

Please looks for a bearish reversal signal from BSTS later once wave 5 is completed. Adviseable to wait for a complete triggered BSTS signal before making any entry. Good luck.

 

[Jebatfx]

Unless the price break my bullsih continuation line 3, I strongly believed wave 5 could be a truncated wave (yellow). Either the price will make a “double top” later, I can only determine soon. Therefore please looks for a bearish reversal signal later from BSTS if this scenario would still valid. Otherwise we may see a strong breakout to complete an impulsive wave 5 (white).

 

[Jebatfx]

If truncated wave 5 already established (magenta) and the "diagonal triangle" (green triangle) pattern is valid, then I believed market is in bearish reversal trend. Otherwise, we may see another bullish continuation signal later on. Anyway, don't forget that tomorrow is a Showa day in Japan (holiday). Good luck.

 

[Jebatfx]

At this moment, price already break my bullish continuation line 2. Unless the price make a strong true breakout to the bullish continuation line 3, the wave 5 truncated scenario would still be valid. A true breakout to the lower red trendline would bolster the bearish reversal trend scenario. Therefore please be extra carefull and please wait for any signal from BSTS 3 before making any entry. Good luck.

 

[DAT7447]

This morning anyhow I also prefer bullish continuation..,211.10/60 is about the uptarget, but let see 209.60-70 first n level 208.70is about the suggestion of the move.
Hope to post the reasoning later.
uptarget would not be achieved if we see 204.90 n below.
risky for judgement for current being.

(ops when iI did enlarged the above graft-I am agree w Jebat.even I used other reasoning)