GBP/JPY Technical Analysis

[Jebatfx]

At this moment, price already hit my TP2. Therefore, I’m looking for any bullish retracement continuation or a reversal signal from BSTS. If the triple top stay valid, then we have a bigger probablity for a bearish reversal/continuation. Otherwise if the price continue to further upwards and later break the major bearish critical line, then the bearish reversal/continuation scenario would become invalid. Please wait for a complete reversal signal from BSTS before you making any entry. Good luck.

[Jebatfx]

At this moment, I’m still looking for any continuation (extension) or reversal/bearish retracement signal from BSTS. Please don’t make any fast and easy conclusion that the price may start go downwards after performed a triple top. We still need to be confirm later is the triple top will stay valid or there will be a breakout ? And always consider the price might follow the white count if the price make the breakout to the major bearish critical line later. So please wait for a complete signal from BSTS before you decide into making any entry. Have a nice day.

[Jebatfx]

At this moment, “triple top” scenario already become invalid. The price break and making a new high. Therefore, we must revise back about the 2 main probabilty which is a bullish continuation or a bearish reversal. We are in the critical moment which is either scenario have the same probability to be happen. So please watch the major bearish critical line 1 and 2 closely. If both line is taken, then the bearish scenario would become invalid. Otherwise if the line keep intact, then we might see a major bearish trend later. Please be extra carefull since tonite and tomorrow there will be a NFP related news. Its better to refer a signal from BSTS -4H chart. Good lucks.

[Jebatfx]

At this moment, what I had been consents since last few days about the white count finally came true. Therefore, I believed market already in Bullish Reversal trend, generally. I’m waiting for a wave iv retracement either in white count or in cyan count to take place later. If wave iii already established, then we may see a retracement soon. But if got an extension wave iii, then we might see a bullish continuation later. Please refer at BSTS - 4H chart signal before making any entry. Have a nice day.

[Jebatfx]

If wave count in cyan is valid, I believed market in retracement phase. As long the bullish continuation line keep intact, this scenario would still be valid. But maybe there will be a “double top” or false breakout before price starting to make a major retracement. Please study the cyan count and refer to BSTS signal before making any entry. Otherwise we may see another bullish continuation to complete wave 3 in white count. Watch closely all the new critical lines and wisely take a notes what is your trading strategy for this new trend.

[Jebatfx]

At the moment, we are in bullish continuation trend. If we have an extension, then preferable for white count. But if not, then the price could follow the cyan count. So watch closely the trendlines and only make an entry when they have a complete retracement signal from BSTS later. Good luck.

[Jebatfx]

As long the bullish continuation line still intact, I believed the market in retracement phase. An establish of ”Head & Shoulder” (cyan triangle) pattern later will bolster this point of view. Otherwise if the line been taken, then we got another bullish continuation later. Please refer to BSTS signal before making any entry.

[Jebatfx]

At this moment, if b already established and the bullish continuation critical line still intact, a retracement for wave 4would still be valid. Please watch closely the teal triangle for any breakout. Otherwise if we have a breakout to the critical line, then the market may seems in bullish continuation. Please be extra carefull since tonight there will be a NFP news at 8.30 pm. Good lucks.

[Jebatfx]

I believed market in retracement phase now. But I have 2 possibility retracement count at the moment which is in white or in cyan. Which count is more preferable, I only can determine later. Anyway please move your SL and lock your profit. Please look from BSTS, a signal for closing (TP) and later a complete signal for bullish continuation. Good luck.

[Jebatfx]

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



Chart 1H - I believed market in the retracement phase to complete wave 4. So I divided into 4 level of zones which is :-

a) Green Zones - Bullish Continuation Zones
b) Purple Zones - Retracement Zones
c) Maroon Zones - Bearish Bias Zones
d) Red Zones - Bearish Continuation Zones

So please watch closely all this zones and whenever the price approaching each zones. Please wait for a complete signal from BSTS either for a bearish bias signal or bullish bias signal.



Chart 4H - Same thing with chart 1H, I believed market in the retracement phase to complete wave 4. Also I divided into 4 level of zones which is :-

a) Green Zones - Bullish Continuation Zones
b) Purple Zones - Retracement Zones
c) Maroon Zones - Bearish Bias Zones
d) Red Zones - Bearish Continuation Zones

Please study both counts and all the critical lines stated in the given chart.



Chart Daily - Its very important for you to understand both counts in this charts. Same thing with chart 1H & 4H, I also divided into 4 level of zones which is :-

a) Green Zones - Bullish Continuation Zones
b) Purple Zones - Retracement Zones
c) Maroon Zones - Bearish Bias Zones
d) Red Zones - Bearish Continuation Zones

Please study both counts, their respective trendlines and all the critical lines stated in the chart given. Please do your homework, trading strategy and the checklist for next week market. And please wait for a complete signal from BSTS before making any entry. Good luck and have a nice weekends.