GBP/JPY Technical Analysis

[Jebatfx]

I'm looking forward for any retracement trend later to complete subwave 4 before another bearish continuation to complete subwave 5 (truncated or impulsive). Please noted that this scenario in only valid if the retracement critical line still intact. Otherwise we may see a bearish continuation trend preferably according to the alt count in yellow. Please analyse BSTS 2 & 3 tf Weekly and Daily before making any entry. Good luck.

[TheRumpledOne]

My latest FX DASHBOARD shows percent retrace off support, resistance level, support level, support resistance range, distance from resistance in pips, distance from support in pips on multiple time frames in real time.

Makes it easy to see if they is anything in the way of your profit target.

[Jebatfx]

I believed market in progress for retracement phase to complete subwave 4 (white or magenta) and looking forward for another bearish continuation to complete subwave 5 (white or magenta).
Please noted that this scenario would only valid if my retracement critical line stay intact. Otherwise we may see a bearish continuation according to alt count in yellow. Therefore please monitor any entry signal from BSTS before making any entry. Good luck.

[Jebatfx]

Its more likely subwave iv is already completed and looking forward for a completion of subwave v (magenta or white) or wave 3 (yellow). Advisable to be extra carefull for any long (bullish retracement) entry since overall analysis showing a strong bias towards bearish trend from BSTS. Make sure to wait for completion of subwave v (magenta/white) or wave 3 (yellow) before making any bullish retracement entry with a tight SL. Preferably - standby for a retracement phase once subwave v (magenta/white) or wave 3 (yellow) is completed to perform wave 4 (yellow) or wave b (white) and later a bearish continuation to complete wave c (white) or wave 5 (yellow). Good luck.

[Jebatfx]

I believed subwave a (white) or wave 4 (magenta/yellow) in progress and looking forward any chance for a bearish continuation to complete wave 5 (magenta/yellow) or subwave a, b & c in wave b (white) later. Please watch closely my retracement critical line. If this critical line is taken then all this scenario would be invalid. Therefore, please be patient to wait for a good bearish continuation signal to complete wave 5 (magenta/yellow) or C (white) from BSTS later. Make sure to make an entry only after a good bearish signal triggered from BSTS.

[Jebatfx]

Until this moment, my retracement critical line still intact, therefore preferably to see a bearish continuation later either refering to alt count in magenta or yellow (truncated wave 4) or white ( subwave a, b & c in b). Otherwise if the retracement line is taken, then all this scenario would be invalid. Please confirm which favourable trend later from BSTS. Good luck.

[Jebatfx]

Although overall signal still bias to bearish trend but please noted that there is possibility for the market to be in bullish trend either according to alt count in magenta or white. Therefore, please analyse all this possible alt counts and confirm it later from BSTS before making any entry. Please noted that favourably maybe market will be in hedging phase until before the announce of the NFP news on Friday. Good luck.

[Jebatfx]

Looking forward for any breakout either to the upper or lower trendlines of the teal triangle before determine which counts is more preferable. Therefore please analyse any signal from BSTS before making any entry. There is a possibility that today is a hedging day in market until tomorrow NFP news. Good luck.

[Jebatfx]

Price already break my bullish continuation line 1 and looking forward for a completion either refering to wave b in yellow or in white (triple top) or wave c (magenta). Therefore, please look for any bearish reversal signal from BSTS or otherwise we may see a strong bullish continuation to break the strong resistance of the bullish continuation line 2. Be extra carefull tonite at 8.30 pm (GMT +8) for the announcement of NFP news. Good luck.

[4xStar]

We're all waiting for the next thrilling installment of the G-Y story ... where's she heading next???

And what does BSTS stand for?