Analysis GBP/JPY

[Jebatfx]

At this moment, price just bounce back and stop at my pivot line. If the new upper green trendline can stay as a strong resistance, we shall see another bearish continuation trend. I believed it just perform a corrective phase before another bearish continuation trend unless otherwise if there is any strong upwards movement to break the 204.70 later then we might consider to the alt count in white. Please be extra carefull since the chart getting more complicated and showing mix signal. Good luck.

 

[onetarmizi]

We can see the pattern head & shoulder at timeframe H4 clearly now. If price can break the blue violet trendline around 202.55 my expectation is price will continue move strongly in downtrend (bearish). The possibility strong support to complete wave 5 are level fibo 76.4%(200.98), level fibo 100%(199.74) and may be previous support (history) around 198.00.

However if price cannot break the trendline (blue violet) in this week, may be we can see one more peak will be created or price will change in bullish direction. If this scenario happen the theory of head & shoulder pattern is not valid anymore.

OT

 

[Jebatfx]

I'm looking forward for a breakout to the 202.60 soon today. Please noted that alt count in white would be invalid if this happen and I need to recount again for this scenario. I'm looking forward for a strong downwards breakout to the bearish continuaton critical line 3 later today or tomorrow. Otherwise we may see a bullish movement either as a bullish retracement or bullish reversal (if the retracement critical line is taken). Good luck.

 

[onetarmizi]

Head & shoulder theory fail to perform today after price cannot breakout from the strong support level at 202.55. Then price going upward with the big move and make the new peak today at resistant level 206.12. My prediction is price probably will be retraced soon to find the new support level at 205.05 or 204.40. If these levels are not hit maybe price will continue move upward and try to break the current resistant. However I'm looking for the good signal to entry short after considering price in overbought condition.

Good Luck & Happy Trading Day.

 

[profesor]

Here is my present prediction on GJ. Good trading!

 

[Jebatfx]

Previous updated forecast due to uploading problem at imageshack. Hereby I upload again the previous updated forecast together with recent forecast. Sorry for the inconvinience.

Yesterday 7.21 pm

Until this moment, 202.60 still hold as a strong support and after a few attempt of test, it still stay intact. Therefore I came out with new case scenario which is represent of diagonal triangle corrective subwave of A B C D & E for completion of wave 4 (magenta/yellow). A triple top pattern would bolster this new scenario (if valid).


Please noted that this new scenario would be invalid if the price make a breakout to my retracement critical line and if this happen, maybe we shall see an alternate white count scenario. So please be carefull before making any entry. Please study BSTS TF 4H, Daily and Weekly chart before making any conclusion. Good luck.

A breakout to my retracement critical point indicated that my previous alt count in yellow/magenta already became invalid and preferable for whitw count (please refer from previous chart). Therefore I need to do a recount as stated in the updated chart. Therefore please study this alternate scenario and look a signal from BSTS for a bearish retracement wave iv before another bullish continuation to complete wave v. Good luck.

 

[sweezer]

wah makan besar yer sapa yg long dari semalam

 

[matnor04]

wah makan besar yer sapa yg long dari semalam

makan besar atau kena makan besar-besaran (

 

[Jebatfx]

At this moment, I divided market in 3 possible scenario's which is :

1) Count Yellow - retracement phase to complete wave iv before another bullish continuation to complete a truncated of wave v (wave iii is already completed).
2) Count Magenta - retracement phase to complete wave iv before another bullish continuation to complete an impulsive of wave v (wave iii is already completed).
3) Count White - expecting to see a bullish continuation to complete wave iii before a bearish retracement phase to complete wave iv later.

Therefore please study all this new scenario's including the new retracement critical line, and look for any good signal from BSTS for respectives scenario. Please make an analysis to the BSTS Daily and Weekly chart before making any entry.

Tips - look for any bullish continuation signal and later a bearish reversal signal from BSTS.

 

[onetarmizi]

Price make a retracement and try to breakout the daily pivot 205.05. If breakout, my prediction is price will move downward to find another support level at 204.38 or reaction at bottom trendline around 203.70. Otherwise price maybe move upward if cannot breakout the pivot or middle trendline and perhaps make a double top or continue move upward to find the next level of resistants to break (pink horizontal lines).