Analysis GBP/JPY

[Jebatfx]

At this moment, please study all the alternate counts (yellow, magenta & white) and don't forget to do your intraday checklist for today. Preferably, I believed market will be in bearish continuation scenario again to complete wave 5 (magenta or yellow) later by this week. A breakout to the lower major red trendline would bolster this point of view.

Please noted that this sceario would only still valid if my retracement critical line stay intact. Otherwise, we may see a bullish continuation refering to the alternate count in white.

Therefore, please look for any bearish continuation signal from BSTS 3 and BSTS 2 later. Make sure only to make an entry once there is a good complete signal from BSTS 2. Good luck and may God blesss us all.

 

[Jebatfx]

At this moment, I believed wave 4 already completed and I'm looking for another bearish continuation trend to perform wave 5 and C later (yellow or magenta). A breakout to the lower major red trendline would bolster this scenario.

Otherwise if my retracement critical line is taken, this scenario would be invalid and will favourable to the alternate count in white. Therefore, please look for a complete bearish continuation signal from BSTS before making any entry, good luck.

 

[Jebatfx]

At this moment, unless we have a true breakout to my upper major green trendline, I still believed market will perform for a bearish continuation (reversal) soon today or tomorrow.
Therefore, please be patient and revise your SL to protect your entry. Otherwise we may see a breakout to my retracement critical line and my bearish continuation scenario would be invalid. Good luck.

 

[Jebatfx]

So sorry I can't update my forecast yesterday due to uploading problem at imageshack. Therefore, next time in future, please kindly to double check any update from my blog. Hereby I upload again the previous updated forecast for yesterday evening together with recent forecast. Sorry for the inconvinience.

Yesterday 7.51 pm

At this moment price already bounce back from my lower major red trendline. I believed either subwave i (magenta) already established or subwave i (yellow) still in progress. A breakout to the lower red triangle trendline would bolster this bearish continuation scenario but be extra carefull for alternate count in white. Preferable - bearish continuation trend to complete wave 5 and C (magenta or yellow) in progress with condition my retracement critical line stay intact. Have a nice day.

At this moment, price already break my lower major red trendline and already inside my bearish bias maroon zones. Therefore, I believed subwave i (magenta/yellow) already completed and looking forward for a confirmation of subwave ii before we can see another bearish continuation to complete subwave v (magenta/yellow), wave 5 and C. Either subwave ii already completed or not, I can only determine later.

Please also noted that if scenario is valid, then there is subscenario which is either wave 5 is truncated (magenta) or an impulsive (yellow). Also don't forget about the possibility of wave count in white. Good luck and happy weekends.

 

[Jebatfx]

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

Chart 1H - At this moment, I believed wave4 already completed (yellow or magenta) and price in the process to perform wave 5 and C. A breakout to the lower red trendlines and later to the bearish continuation line 4 woulde bolster this scenario. Otherwise if my retracement critical line is taken, then this scenario would be invalid and shall more preferable to count in white.

Chart 4H - Please watch the teal triangle zones for any breakout.Preferable for a bearish continuation trend later as long my retracement critical line still intact. Anyway, please study all alternate counts and determine which counts is more favourable.

Chart Daily - Please analyse all alternate counts (yellow, white % magenta) and looks from BSTS any significant signal for any particular counts. As long the price stay under the upper green trendline, favourably the trend still bias for bearish trend.

Summary :

1) Please look for a bearish continuation signal fromn BSTS with condition the retracement critical line stay intact and alternate count in white is not valid.
2) Wave 5 could be a truncated wave or an impulsive wave.
3) Look for a bullish reversal signal ince wave 5 is completed.

 

[fising]

hi guys...

just my personal preview for this week...i see... GJ play in range 196-205..in this week...in my MA setting trend totally can down...200.47 for first step lower break..before continue done 199.xx if price break my diagonal support trendline...EMA200 is a good resistance point if price can close candle above this ema to build up trend try...go break 204.90(trendline resistance this week)for my method plan if EMA25 cross below EMA50 trend totally go down.see more strong down if crossover MA(ema25&ema50) below EMA200.....just my personal preview..wish me luck again...this week.#:-S

 

[Jebatfx]

Until this moment, the major green upper trendline still stands as a strong resistance and overall we can see the price slowly moving downwards following inside the channel trendlines. Preferably, I'm still looking for a bearish continuation trend but please noted that anything could happen (alternate count in white). A breakout to the lower triangle trendline would bolster this scenario. Good luck.

 

[Jebatfx]

At this moment, price need to have a breakout soon either to the upper trendline or lower trendline of the teal triangle. Althought its look like more preferable to have a breakout to the lower trendline due to the factor that the upper trendline already showed as a strong resistance line since last week, but still, its have a possibility to have a breakout to the upper trendline first before another bearish continuation trend.

Expecting to see a strong downside movement later within this week with condition alternate count in white is not valid. Therefore, please monitor a signal from BSTS to assist you to determine which trend is more preferable and when is to make a good entry. Good luck.

 

[ammar5]

aku sentiasa ikut masta Jebat.......

 

[Jebatfx]

So sorry I can't update my forecast yesterday due to uploading problem at imageshack. Hereby I upload again the previous updated forecast for yesterday evening together with recent forecast. Sorry for the inconvinience.

Yesterday 9.12 pm

Until this moment, I still believed for a bearish continuation scenario and most probably, subwave ii in the making and this scenario would still valid due to my retracement critical line still intact. But please study the alternate count in white and this scenario is valid if my retracement critical line is taken. Good luck.

At this moment, price already break again the major red lower trendlines which is indicate bias towards bearish trend. Perhaps, there will be another minor wave in subwave for downtrend senario later. But please don't forget about the possibility for the alternate count in white. Please noted that the alt white count would be invalid if the price break point 202.60 later.

Please refer from BSTS for any bearish continuation signal and at this moment, make sure to adjust your SL and check your TP. Good luck.