GBP/JPY Technical Analysis

[Jebatfx]

At the moment, I'm looking forward for a potential of bullish trend either refering to the alt counts in aqua or yellow. Otherwise, I believe market may perform another bearish continuation trend scenario in white. Good luck.

[Jebatfx]

gj4hb.jpg

Preferably, I'm looking forward for a potential of bearish retracement trend scenario either refering to the alt counts in yellow or aqua. Otherwise we may see an extension of wave 1 in white. Good luck.

[Jebatfx]

At the moment, I believe market in progress to complete subwave iii or wave 3 either refering to the alt counts in aqua, yellow or white. Favourably, I'm looking forward for a potential of "Bull Trap" pattern and a bearish retracement trend scenario later. Good luck.

[Jebatfx]

At the moment, I'm looking forward for a potential of bearish retracement trend scenario either to perform wave 4 in aqua or yellow. Formation of subcorrective wave a,b and c would bolster to this scenario. Otherwise, we may see an extension of wave 3 in white. Good luck.

[Jebatfx]

Favourably, I believe market in progress to complete a "bull trap" pattern of subcorrective wave b before a potential of bearish retracement trend scenario to perform subcorrective wave c/4 either in aqua or yellow. A pullback or false breakout from the aqua/yellow critical line would bolster to this scenario. Otherwise we may see another bulllish continuation trend scenario in white. Good luck.

[Jebatfx]

At the moment, I'm looking forward for another bearish continuation trend scenario either to complete wave 4 in aqua or yellow. Otherwise, we may see a potential of bearish reversal trend scenario (Head and Shoulder) refering to the alt count in white. Good luck.
gj4hb.jpg

[walters83]

Forex analysis

GBPJPY at 15:45 GMT- 128,585

gbpjpy-8mar.jpg

[Jebatfx]

At the moment, I'm looking for an opportunity toward a bearish trend either refering to the alt counts in white or yellow (Bull Trap). A valid "Head and Shoulder" pattern would bolster to this scenario. Otherwise, please be careful for any strong breakout toward the bullish continuatio critical line 2. Happy weekends and good luck.

[Jebatfx]

Gbp vs Jpy (4H) - At the moment, a pullback from the bullish continuation critical line 1 and a breakout toward the lower red trendline would bolster to the alt counts either in yellow or aqua. Otherwise, we may see another extension of wave 5 in white.



Gbp vs Jpy (Weekly) - At the moment, I believe market in progress to perform a major bullish reversal trend scenario either refering to the alt counts in yellow or white. Therefore, I'm looking forward for a potential of a bearish retracement trend opportunity later to perform corrective wave B. Good lucks.

[walters83]

2012 Mar 19 12:15 GMT- GBP/JPY - 132,083

gbpjpy-19mar.jpg

Carry Trade- 0.40%