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Time now: Jun 1, 12:00 AM

Analysis GBP/JPY

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I believed market in retracement phase to complete subwave iv. Unless the price make a breakout to the retracement critical line in cyan, preferable there will be another bearish continuation to complete subwave v. Please look for a bearish continuation signal after completion of subwave iv and later a bullish reversal signal preferably to perform wave b after completion of subwave v from BSTS later. Good luck.
 
Salam semua masta

Saya newB nak tanya. Camana korang wat line spy sebahagain jer. maksud saya ,...kalo horizontol line dia tak pjg penuh dr ujug kiri ke kanan. Saya nak garisan tu pendek jer.

Maaf kalo soalan saya soalan kurang bijak .....huhuhuh

please kindly refer to the following attached image.

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salam..and morning...masta..
rasa-rasanya GJ akan down ke 203.xx??
 
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At this moment, price inside my small teal corrective triangle. I believed price in progress to perform subwave c and wave iv later today. Otherwise we may see a price progress following the white count. Please make an analysis to all possible alternate counts (yellow, magenta & white) and fills in your checklist before deciding which preferable entry to take later. Good luck.
 
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At this moment, price already break my upper green trendline. I believed market in progress to complete subwave iv. Expecting there will be another bearish continuation later to complete subwave v and a (if yellow count is valid) once subwave iv is completed with condition the cyan retracement critical line still intact. But please study alternate count in magenta and white. Please look for any bearish continuation signal from BSTS later. Good luck.
 
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At this moment price already break my retracement critical line. Therefore, favourably the cyan downtrend subwave is considered to be completed. So we have 2 possibility wave count which is in yellow or white. Please be extra carefull for next possible market trend. Good luck.
 
Salam.
Dengan menggunakan target cluster, spiral dan fibonacci ruler, selepas down from current high to 205.48, target to 209.48 that predicted to be achieved by may 2.Anyway if 204 lower is seen before 209 a downmove to 202 level is more likely.
 
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Unless the bullish continuation line 2 & 3 is taken, I believed market in wave b (yellow) and expecting to see another major bearish trend later this week. Otherwise we may see a strong bullish continuation according to white count. Advisable to look for an entry signal from BSTS 3 but make sure to wait for an entry confirmation from BSTS 2. Good luck.
 
(205.48?)Also noted a tendency to 204.58 before upgoing.See CS for suggestion of move.This is my critical point upmove vs downmove.
 

Live Forex Chart

Currency
Rates
EUR / USD
1.14807
USD / JPY
156.679
GBP / USD
1.33897
USD / CHF
0.82214
USD / CAD
1.39946
EUR / JPY
179.878
AUD / USD
0.71244
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