GBP/JPY Technical Analysis

[Jebatfx]

I believed a "Double Bottom" already established which is from my point of view we should see a good retracement later to complete wave iv. But please bear in mind, thats there are also a possibility for a Bullish Reversal scenario(alt count - white). So later only make a short entry IF there is a COMPLETE signal from BSTS. Othewise if the price break to the bearish continuation critical line, then all above would be invalid. Preferable - Retracement.

[Jebatfx]

I believed the price was in the move of making wave iv. Unless the price breaking the lower major long critical line and later if continue to break the bearish continuation critical line , this scenario would be still valid. Just hold your previously bottom long entry until there is a reversal signal from BSTS. Good luck.

[Jebatfx]

At the moment, I believed wave 2 already completed and looking forward for wave 3 retracement to complete wave iv. Watch the green triangle closely before making any entry. Preferable retracement to complete wave iv unless we have a breakout at the bearish continuation critical line. Good luck.

[Jebatfx]

I believed wave 3 in the making. Lock your profit until there any close signal from BSTS. Good luck. Preferable - Retracement Continuation

[Jebatfx]

At the moment, market in Retracement Bullish phase. The price in the process to complete wave 4 and 5 in iv before start going down again to complete wave v and c. But please take note that there was a "Exhaustion Gap" (purple rectangle) which a sign of reversal. And yesterday we can saw another gap (outline purple rectangle) but its didn't show in the chart today. If the gap do exist, that shows an "Island Reversal" pattern (bigger outline purple rectangle) which is a sign of reversal. So from that point of view, I came out with an alt count (white colour). As long the price not breaking the major bullish critical line, a Bearish Continuation scenario would still be valid and later going down to complete wave v and c. Otherwise if the point is taken, the market might be in Bullish Reversal trend (alt count -white). Preferable - Retracement Continuation until further notice.

[Jebatfx]

Market in small correction phase which I believed will going up again to complete wave 5 and iv. Watch closely the upper triangle trendline. Looking for a breakout before making any decission or entry. Unless the price break 205.43, the bullish retracement continuation would still be valid. Preferable - Bullish Retracement Continuation.

[Jebatfx]

I believed, market in the process to complete wave 5 and iv. Either its already established making a "Double Top" (blue rectangle) or still in progress, its still need to be confirm later from BSTS Reversal Signal. As long the short critical point is not taken, Bearish Reversal Continuation would still be valid. Otherwise if taken, the scenario would be in major doubt. Tips - Stanby for a Bearish Reversal Signal from BSTS.

[Jebatfx]

Chart 1H - I believed wave 5 and wave iv still not complete yet. I'm looking for a truncated wave 5 later. Or maybe we will see a "Triple Top" later before a Bearish Continuation trend. Unless the price break the major bullish reversal critical line, a Bearish Reversal Continuation idea to complete wave v and c DT would still be valid. Tips - wait for very good reversal signal from BSTS before making any entry.



Chart 4H - I believed wave v and 4 still not complete yet and looking for a bullish continuation later. Looking for a triangle breakout for confirmation. Unless the price breaking the bearish critical line, a Bearish Reversal Continuation would still be valid. Happy trading and good luck.

[Jebatfx]

Market already break the lower trendline which is preferable for a bearish bias. But there are possibility also for a Bullish Continuation (white count) if the price cannot break the major long critical line. We need to wait until the NFP news to see the real trend later. Have a nice weekends.

[Jebatfx]

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



Chart 1H - I'm getting more bias towards my alt count. As long the price move in blue and red zones, the market is in bullish trend. A breakout to the short critical point and later to the major bullish reversal critical point would boilster this point of view. Unless the price break the lower red zone trendline, this idea would be invalid, means thats favourable back to Bearish Continuation. Otherwise preferable a Bullish Reversal Continuation. Please do the checklist and wait for a complete signal from BSTS before making any entry.



Chart 4H - I can see clearly that a retracement to complete wave iv still incomplete. As long the price move inside the blue and red zones, this speculations would still be valid. But if the price still continue to bullish and break my bearish critical line, I'm more favour for a bullish continuation already. Please take notes about my alt count. Otherwise if the price break the lower red zone trendline, preferable for a bearish continuation to complete wave C and 5.



Chart Daily - There are 2 possible counts and it still unclear for me to determine which one is more favourable. I believed the real trend will be unfold by next week. So good luck in your trading and to my members, please do your homeworks and the checklist