GBP/JPY Technical Analysis

[Jebatfx]

At this moment, I'm looking for a bullish continuation trend to complete subwave 5 in a (yellow). A further breakout to the magenta critical line would bolster this scenario. Otherwise please be careful for any breakout at the lower yellow horizontal triangle trendlines. Good luck.

[Jebatfx]

Please be noted that due to the further breakout to the downside trend, therefore the previous alt count in yellow is already invalid. At this moment, either market in progress to complete corrective wave b in white or there will be a further breakout referring to the alt count in magenta. Please confirm either alt counts from BSTS later. Good luck.

[Jebatfx]

At this moment, please analyse latest possible re-count alt counts and preferably, I'm looking forward for any possibility referring either to the alt count in white or yellow before expecting a bullish reversal trend scenario. Unless the the bullish critical line 3 is taken, then favourably this scenario would still be valid. Otherwise we may see a further bearish continuation trend to complete wave 5 in magenta. Good luck.

[Jebatfx]

At this moment, I believed market in progress to complete subwave 4 (cyan) before expecting another bearish continuation to complete a truncated subwave 5 (cyan) in b (yellow). Meanwhile, a further breakout to the upper green trendline would favour to the alt count in white. Otherwise, please be careful for any possibility towards the alt count in magenta. Good luck.

[Jebatfx]

Preferably, I'm looking forward for a bullish reversal trend either referring to the alt counts in white or yellow. This scenario is still valid as long the bearish critical line 3 is remain intact. Otherwise, please be careful for any downside breakout to complete wave 5 in magenta. Good luck.

[Jebatfx]

At this moment, preferably, I'm looking for a completion of corrective wave b (white or yellow) and a valid diagonal triangle reversal pattern. Please be careful for any bearish trap scenario. But this scenario would be invalid if there is a further breakout to the bearish continuation critical line 3. Please confirm both trends from BSTS later. Good luck.

[Jebatfx]

At this moment, I'm looking forward for a further breakout to the upper yellow trendline to bolster the bullish reversal trend scenario referring either to the alt count in white or yellow. Meanwhile, please be careful for any further downside trend that would favour to the alt count in magenta. Also, don't forget there will be a NFP news announcement tomorrow night 9.30 pm(GMT 8+). Good luck

[Jebatfx]

Preferably, I believed market in progress to perform a bearish trap of corrective wave b (white or yellow) before expecting a bullish reversal trend later by next week. A valid of "diagonal triangle" pattern and a breakout to the upper yellow trendline would bolster this scenario. Otherwise please be careful for any bearish continuation trend to perform wave 5 of magenta. Good luck.

[Jebatfx]

At this moment, I'm looking for a further breakout to the upper green trendline to bolster the bullish reversal trend by later next week (yellow dotted sketch wave structures) referring to the alt count in white or yellow. Otherwise, we may see another bearish continuation to complete wave 5 according to the alt count in magenta. Please be noted that tonite got an NFP news (refer FF). Good luck and happy weekend.

[Jebatfx]

At this moment, I'm waiting for a further true breakout to the major upper green trendline to bolster the bullish reversal trend scenario (white or yellow). I believed market in progress either to complete corrective wave c in yellow or corrective wave a in white. Otherwise, please be careful for any bearish continuation trend referring to the alt count in magenta. Good luck.