Analysis GBP/JPY

[Jebatfx]

At this moment, market have 2 possible counts. Preferable for bullish retracement as long previous bottom 198.07 and retracement critical line has not been taken. Please study the signal from BSTS 3 tf 4H at the moment. And monitor signal from BSTS 2 tf 1H & 4H respectively. Good luck.

 

[Jebatfx]

At this moment, I believed wave 5 already established and retracement scenario already become invalid. Preferable, expecting there will be a bullish reversal trend later as long the “double bottom” stay valid. Please study the white count and BSTS 3 tf 1H and 4H. A breakout to the upper green trendline and later to the retracement critical line would bolster this scenario. Good luck.

 

[muhammad kazim]

200,19. GBP JPY broke 199,80 resistance. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 198,50 / 201,60 range. . The risk/reward ratio is too high to take a position

 

[Jebatfx]

At this moment, price already retrace back either to complete wave b (white) or wave a (yellow). as long the previous bottom (198.07) still intact, a bullish reversal count (white) would still valid. Otherwise we may see a price movement in yellow count. Please look from BSTS for any good entry signal. Good luck.

 

[Jebatfx]

At this moment, price still in retracement phase and favourablely price will continue to downwards until lower red trendline. Either price will further downwards to perform a “triple bottom” or breakout !!, can only be determine later. Anyway after all, please study both counts and just monitor any good entry signal from BSTS before making any entry. Good luck.

 

[Jebatfx]

At the moment, price moving inside my teal correction triangle. I’m waiting for any true breakout either to the upper or lower teal triangle trendline before I can confirm which counts is more preferable. But I believed the price will go to the downwards direction either to :-

1) complete wave b (white) and c (cyan) before another bullish continuation
2) establish a triple bottom before another bullish continuation
3) bearish continuation to complete wave c (yellow)

Please look for any good signal from BSTS 2 and 3 before making any entry. Good luck

 

[Jebatfx]

At this moment, price already bounce back after touching the lower red trendline. Either there will be a 2nd attempt to break to the trendline to perform a triple bottom (c in cyan) or a further downwards to complete wave c (yellow) can only be determine soon. Otherwise we may see a bullish trend to complete wave c (white). Good luck.

 

[Jebatfx]

I’m looking for a new trend confirmation signal today. Please study all counts carefully and wait for a good signal from BSTS for such preferable count before making any entry. Good luck.

 

[Jebatfx]

At this moment, price make a breakout to the upper main teal triangle. Either this is a false or true breakout can only be determine later. Its better to wait until the real trend was unfold before deciding which entry is more preferable to take. Please look for any valid continuation or reversal signal later. Good lucks.

 

[Jebatfx]

At this moment, market in bullish continuation trend. I believed this trend will be exausted soon unless we see a true breakout to the bullish continuation line 1 & 2 later. However, please monitor all signals from BSTS to determine again later for any bullish continuation or bearish reversal signal. Please be patient and adviseable to wait until have a complete signal from BSTS before making any entry. Good luck.