Analysis GBP/JPY

[fising]

Salam...

just my personal preview...for this week...look...gj play in range 198-203 [ FE61.8(198.72) - fibo retrace 38.2(203.30)]...in this week...if...GJ break...my Strong (horizontal Support..Gj down to 194.90) if...GJ break my diagonal resistance(25EMA 203.40)...maybe gj have a good momentum to go 204.50(50ema)...just my plan this week..wish me luck...#:-S

 

[chings73]

Nice infor but better not to forget, BoJ will interfere with the situation should the Yen further strenghten against the major, GBP for example.

To play safer, use higher timeframe to plan the trade.

As for me, I opt to go LONG for this 'BEAST' should the EMA25 cross the BODY of a BULL CS at TF1H.

Happy trading...and happy hunting (erkk... for the GREEN pips of course...) )

That FE was refering base on TF weekly read it carefully...I did't look the TF1 hr for major trend...always refering daily to monthly basis TF...

Good luck to u 2 bro...

 

[Jebatfx]

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

Chart 1H - Market in strong bearish trend and peferable in wave 3 at this moment. There are 2 possibility which is either a bearish continuation to perform an extension of wave 3 or a bullish retracement to perform wave 4 if wave 3 is already completed. Preferable to wait for a bullish retracement signal from BSTS to perform wave 4 and later a bearish continuation signal from BSTS to perform wave 5 once wave 4 is completed.

Chart 4H - Basically, I divided the market into 4 major zones which is :-

1) Green Zones - a bullish bias zones if my retracement critical line is taken.
2) Teal Zones - a retracement zones which is preferably market will make a bullish retracement to complete wave 4 before another bearish continuation trend to complete wave 5. But please watch closely my retracement critical line. A bearish continuation trend to perform wave 5 will be invalid if this line is taken.
3) Maroon Zones - an extension bearish bias zones - a bearish continuation trend for an extension of wave 3 if there is a true breakout to the bearish continuation critical 3.
4) Red Zones - a major bearish continuation bias zones - a major bearish continuation trend is my bearish critical line 5 is taken.

Please noted that there is a probability for wave 5 to be either a truncated wave or an impulsive wave.

Chart Daily - Please analyse the 3 possibility alternate wave counts before making any entry and later decide which counts is more favourable from BSTS signal.

Summary :

1) Preferable to standby for bullish retracement signal once wave 3 is completed.
2) Looks for a bearish continuation signal from BSTS to perform wave 5 once wave 4 is completed.
3) Wave 5 could be a truncated wave or an impulsive wave.

Good lucks.

 

[Jebatfx]

Please noted that if subwave v and wave 3 is already completed, then we shall see a bullish retracement to complete wave 4 and subwave a, b & c. Please study all 3 possibility alternate counts and look from BSTS which counts is more preferable later. Watch carefully the retracement critical line. This retracement scenario would be invalid once this line is taken. Otherwise we may see a bearish continuation for an extension of wave 3 later. Good luck.

Tips - look for a bearish continuation signal from BSTS later once wave 4 is completed with condition the retracement critical line is not taken.

 

[Jebatfx]

I believed wave 3 already completed and market in retracement for subwave c and wave 4before another bearish continuation to complete wave 5. This scenario would be invalid if my retracement critical line is taken. Therefore, please look for a good bearish continuation signal from BSTS once wave 4 is completed later. And please noted later, there are 3 possible scenario for wave 5 and I only can determine which one is more favourable later. Good luck.

 

[Jebatfx]

I believed wave 4 in the ending stages and waiting a signal for a confirmation of completion of wave 4 from BSTS. I’m looking forward for a bearish continuation signal from BSTS to perform wave 5 later. Please noted this scenario only valid if my retracement critical line still intact. Otherwise, we may see other scenario later. Good luck.

 

[Jebatfx]

At this moment, price still hedging below the strong resistance of the upper major green trendline. Looking forward for :-

1) a bullish retracement continuation (breakout) to complete unfinish wave 4 (white/magenta) OR
2) an establishment of subwave i (still in progress) and a small bullish trend to perform subwave ii in wave 5 for a bearish continuation later if wave 4 (yellow) is already completed. This scenario would be invalid if the price make a breakout at 203.70

Preferably, expecting for another bearish continuation trend later to complete wave 5 once wave 4 is completed. Please noted that this scenario only valid if my retracement critical line still intact. Therefore please look for a good bearish continuation signal from BSTS later today before making any entry. Otherwise, we may see a breakout to my retracement critical line for a bullish reversal trend.

Good luck.

 

[ammar5]

tq masta for the tips top......

 

[Jebatfx]

Until now, my major green upper trendline still as a strong resistance and I believed need to be tested soon either to perform :-

1) Subwave ii if wave 4 (yellow) is already completed, or
2) Unfinish wave 4 (magenta), or
3) Corrective wave a if wave 5 (white) is only a truncated wave.

So please study all this 3 scenario's and determine which one is more favourable later. Please watch closely the retracement critical line and the bearish critical line 3 to help you determine which count is more preferable.

Tips - Look for a good bearish continuation signal later from BSTS, good luck.

 

[Jebatfx]

Since the price already break the 203.70 therefore, my previous yellow count already invalid and I need to revise the preferable count again as stated in the chart. I believed wave 4 shall be completed soon and favourably to see for another bearish continuation in order to complete wave 5 later by this week.

Do remember this scenario would only still valid as long my retracement critical line still intact. Therefore, please also study the alternate count in white. Good luck.

Tips - look for a bearish continuation signal from BSTS 3 later with condition the scenario would still valid.