GBP/JPY Technical Analysis

[Jebatfx]

At this moment, I'm looking forward for a bearish retracement trend to perform wave 4 either in white or magenta before expecting for another bullish continuation trend. Preferably, please be noted that there is possibility that wave 5 could be only a truncated wave (white). Unless the white critical line is taken, advisable to look for any bearish entry signal from BSTS later. Otherwise we may see an impulsive wave 5 in magenta or an extension of wave 3 in yellow. Good luck.

[Jebatfx]

Chart 1H - Preferably, I'm looking forward for any possibility toward the alt count in white scenario. A further breakout until the yellow/magenta critical line would bolster to this scenario. Otherwise, please be careful for any bullish continuation trend scenario refering to the alt count in magenta.



Chart Daily - Favourably, I'm looking forward for an opportunity to the completion of major wave 4 refering to the alt count in white before expecting for a major bearish continuation trend scenario to complete major wave 5. But please be extra careful if the major wave 4 is still not complete yet (magenta or yellow). Good luck.

[Jebatfx]

At this moment, I'm looking forward for a further bearish continuation trend to bolster towards the alt count in white scenario. But please be careful for any bullish continuation trend either to complete the unfinish truncated wave 5 in yellow or an impulsive wave 5 in magenta. Preferably, advisable to look for any bearish entry signal from BSTS later. Good luck and happy weekends.

[Jebatfx]

Preferably, I'm looking forward for a completion of major wave 4 and a major bearish continuation trend scenario to complete major wave 5 refering either to the alt counts in white or yellow. But, please be careful for any breakout towards the white/yellow critical line which would indicates that market still in major bullish retracement trend to complete major wave 4 in magenta. Good luck.

[Jebatfx]

At this moment, I believed market in progress to complete wave 5 either in yellow or magenta. Favourably, I'm looking forward for any possibility to a truncated wave 5 in yellow before expecting for a bearish reversal trend to complete major wave 5. But please be careful since we may see an impulsive wave 5 to complete major wave 4 in magenta. A breakout either to the lower red trendline or white/yellow critical line would unfold the more likely trend to be perform later. Good luck.

[Jebatfx]

At this moment, please be noted that the alt count in white is already invalid. Therefore I believed market in progress to complete subwave 5 in 4 before expecting for a major bearish continuation trend to complete major wave 5 either in yellow or magenta. Preferably, I'm looking forward for any opportunity towards a truncated wave 5 in yellow. Otherwise we may see another bullish continuation rally to complete subwave 5 in magenta. Good luck.

[Jebatfx]

At this moment, I'm looking for a bearish trend either to perform a reversal corrective wave a in yellow or retracement to complete wave iv in white. A breakout to the lower yellow and red trendline would bolster towards this scenario. Otherwise, please be careful for any bullish continuation trend and any breakout towards the white/yellow critical line. Good luck.

[Jebatfx]

At this moment, price already break the lower red trendline. Preferably, I believed market in progress to perform a corrective wave a either in yellow or gray. But, please be careful for any bullish retracement trend to perform a corrective wave b before expecting for another bearish continuation trend to complete corrective wave c. Otherwise, please be careful for any possibility towards the alt count in white where as market might perform a double top wave v in 5. Good luck.

[Jebatfx]

Preferably, I'm looking forward to see a further bearish continuation trend scenario. A further breakout towards the bearish continuation critical line 1 would bolster this scenario. But, market may perform for another bullish retracement trend either to complete the unfinish wave b in gray or subwave ii in yellow before expecting for another bearish continuation trend. Otherwise, please be careful for any breakout towards the yellow critical line. Favourably, advisable to look for any bearish continuation trend entry signal from BSTS later. Good luck.

[Jebatfx]

Preferably, I'm looking forward for a further bearish continuation trend to perform a subwave iii either in yellow or gray. Otherwise, please be careful for any possibility toward any bullish continuation trend refering to the alt count in magenta. Good luck.