GBP/JPY Technical Analysis

[Jebatfx]

At this moment, I divided market in 3 possible alt counts scenario which is :

1) Magenta - market in progress to perform subwave c in b before expecting for another bullish continuation to perform corrective wave c.
2) White - market still in progress to complete subwave 5 in a before expecting a bearish retracement to complete corrective wave b.
3) Yellow - market already completed subwave ii before expecting for another bearish continuation to complete subwave iii in 5.

Therefore, please analyse which alt counts is more favourable and confirm it from BSTS later. Basically, I'm looking for any possibility referring to the bullish reversal scenario (magenta or white). Good luck.

[Jebatfx]

At this moment, please be noted that the previous alt count in white is already invalid. Therefore please analyse the latest possible alt counts. Preferably, I believed wave b (magenta or white) is already completed and looking forward for further bullish continuation to perform subwave 1 in wave c (magenta or white). but please be extra careful for any possibility according to the alt count in yellow. Please watch carefully all the critical lines for the respective alt counts. Good luck.

[Jebatfx]

Due to the current downside movement, this indicated that subwave c in wave b (magenta or white) still in progress. Therefore, I'm looking forward for a confirmation that wave b is already completed. A valid triple bottom pattern and a further breakout to the upper green trendline would bolster this scenario. Otherwise a true breakout to the magenta/white critical line would favour to the alt count in yellow, but please be extra careful for any "Bearish Trap" scenario. Good luck.

[Jebatfx]

At this moment, preferably, I'm looking forward for a "bearish trap" scenario to complete wave b (white or magenta). But please be extra careful for an impulsive subwave iii in yellow. Good luck.

[Jebatfx]

Due to the current scenario, please analyse all possible alt counts and favourably, I'm looking forward for any possibility of the bullish reversal trend referring either to the alt counts in magenta or white. At this moment, I believed market in progress to perform subwave 1 (magenta or white) before expecting a bearish retracement to complete subwave 2 (magenta or white). A true breakout to the yellow critical line to perform subwave 1 (white) or subwave 3 (magenta or white) later would bolster this scenario. Otherwise we may see another bearish contiuation according to the alt count in yellow. Good luck.

[Jebatfx]

At this moment, I'm looking forward for a completion of subwave 2 (magenta or white) before expecting for another bullish continuation to perform subwave 3 in C. Please be noted that this scenario would be invalid if there is any true breakout to the bearish continuation line 8. So please be careful for any possibility of the bearish continuation trend (yellow). Good luck.

[Jebatfx]

Preferably, I'm looking forward for a further bullish continuation to determine a bullish reversal trend. Until now, I believed its either market in progress to complete subwave 3 in magenta or still to complete subwave 1 in white. And please be extra careful for any possibility towards the alt count in yellow. Advisable to look for any good bullish entry signal later from BSTS before making any entry. Good luck.

[Jebatfx]

Please study all latest critical lines and preferably, I'm looking forward for a bullish reversal trend to perform either referring to the alt counts in magenta or white. Please be noted that the alt count in yellow favourably would be invalid if the price continue further up and break the yellow critical line. Please be careful for any possibility towards a bullish retracement according to the alt count in white or bearish continuation according to the alt count in yellow. Good luck and happy weekends.

[Jebatfx]

At this moment, I believed market in progress to complete either subwave iv in yellow or subwave 4 in magenta before expecting for another bullish continuation either to perform an extension wave 3 (yellow or white) or wave 5 in magenta. Therefore, advisable to wait for a good bullish continuation signal from BSTS later before making any entry. Good luck.

[Jebatfx]

Favourably, I'm looking forward market to perform either a horizontal triangle a,b,c,d,e corrective subwave iv (yellow) before expecting for another bullish continuation trend or a bullish continuation to perform subwave v in 3 (white). Otherwise, please be careful for a truncated subwave 5 (magenta) scenario. Good luck.