Analysis GBP/JPY

[ayitin69]

chart suke2 je hehehe

What do you think about next week's trades? Will you be able to post your chart for Gbp/jpy?

 

[Jebatfx]

I'm waiting for a true breakout to the upper teal triangle trendline for a retracement continuation scenario. Otherwise if the price break the lower red trendline, this will favour for a bearish continuation trend. Preferable - retracement continuation. Please look for any good signal from BSTS before making any entry. Good luck

 

[Jebatfx]

At this moment, price already made a breakout to the upper trendline of the corrective teal triangle. Therefore its a favour for a retracement continuation trend. A breakout to the retracement continuation line would bolster this idea. Otherwise if the price break the bullish critical line 1, this scenario would be invalid. Have a nice day.

 

[Jebatfx]

Finally, a retracement continuation trend is confirmed. I believed the price maybe will retrace until fibo 61.8% or a bit more to perform a double top later before start to going down again to complete wave 5 and C. Unless the major bearish critical line is taken, this scenario would stay valid. Please look for a reversal signal from BSTS later. Good luck.

 

[rockstar]

huhuhuh buat mase skang aku tunggu bb break jerk....:-? :-? :-?

 

[Jebatfx]

At the moment, price still inside a small teal corrective triangle. I believed the price will make another retracement continuation to complete wave IV, 4 and c (magenta/double top ?) before starting to make a reversal downtrend to complete wave V (magenta). Or it can straight a reversal DT if the price break the major lower red trendline. Another senario is it could be in wave count in white where is the price already in major Bullish Reversal Trend. This only will be confirm IF the price make a true breakout at my major bearish critical line. Preferable - retracement continuation before a major bearish continuation. Tips - wait for a complete bearish continuation(reversal) signal from BSTS later. Have a nice day.

 

[Jebatfx]

I believed a bullish retracement scenario will be over soon unless we have a true breakout to the bearish critical line and later at the major bullish reversal line. The price could go upwards again to complete the unfinished wave 5 nd IV or its already established. At this moment, I'm still looking for a very good reversal signal from BSTS to confirm the bearish continuation trend later on. Good lucks.

 

[rockstar]

I believed a bullish retracement scenario will be over soon unless we have a true breakout to the bearish critical line and later at the major bullish reversal line. The price could go upwards again to complete the unfinished wave 5 nd IV or its already established. At this moment, I'm still looking for a very good reversal signal from BSTS to confirm the bearish continuation trend later on. Good lucks.

aku sokong....

 

[azlann1981]

thank JebatFx atas analisis ko..paid

 

[Jebatfx]

It's still not much clear whether wave 5 and IV already completed or not. I believed the real trend will be unfold after a true breakout either to the upper green trendline or to the lower red trendline. There is 2 possibility for market conditions at the moment :-
a) short term - bullish retracement continuation (the signal is getting weaker)
b) mid term - bearish continuation (the signal is getting stronger)
Adviseable better to wait a signal for option b.