GBP/JPY Technical Analysis

[Jebatfx]

At this moment, favourably I'm looking forward for a breakout towards the lower red trendline to bolster to bearish reversal trend scenario to perform either corrective subwave subwave c in magenta or subwave a,b and c in yellow. A further true breakout to the lower yellow trendline may indicates that perhap market in progress to complete corrective subwave c in magenta. Otherwise if bounce, then maybe market will perform corrective subwave b in yellow. Or otherwise, please be careful for any breakout towards the upper green trendline and yellow/magenta critical line. Good luck.

[Jebatfx]

At this moment, I'm looking forward for another bearish continuation trend scenario to perform either a subwave iii in magenta or subwave c in yellow. A breakout towards the bearish continuation critical line 1 would bolster to this bearish continuation trend scenario. Therefore, advisable to look for a possibility towards any completion of either subwave ii in magenta or subwave b in yellow from BSTS later before making any short entry. Otherwise, please be careful for any breakout towards the upper green trendline and yellow/magenta critical line. Good luck.

[Jebatfx]

Favourably, I'm looking forward for a bearish reversal trend scenario to perform either subwave iii in magenta or subwave c in yellow. But. please be careful for any bullish continuation trend scenario either to complete corrective wave b in yellow or wave c/2 in white. Therefore, please confirm any scenario from any breakout either towards the pivot or R3 critical lines. Good luck.

[Jebatfx]

At this moment, price already break the upper green trendline. Therefore, please be noted that the alt count in magenta is already invalid. Preferably, I believed market just perform a bullish trap scenario ("throw over" pattern) either a corrective wave b in yellow or wave c/2 in white before expecting for a bearish reversal trend scenario. Advisable to look for any possibility towards a bearish entry from BSTS later. Please be noted that this scenario will be invalid if the respective yellow or white high critical line is taken. Happy weekends and good luck.

[Jebatfx]

Chart 1H - Favourably, I'm looking forward for a bearish trend scenario either to perfom a correcitve a,b and c in yellow or wave 2 in magenta. A breakout to the lower red trendline would bolster towards this scenario. Otherise, please be careful for any bullish continuation trend to complete the unfinish corrective wave b in white or any breakout toward the yellow or white critical line.



Chart Daily - Preferably, I'm looking forward for any possibility of major bearish continuation trend to perfom subwave 3 in 5/c in yellow. Otherwise, please be noted that this scenario will be invalid if there is any breakout towards the white/yellow critical line in which would indicates that perhap major wave 4 in magenta still in progress. Good luck.

[Jebatfx]

Please be noted that the previous alt count in yellow is already invalid. Preferably, I'm looking forward for any possibilitiy towards a bearish reversal trend refering to the alt count in white and a "double top/diagonal triangle" reversal pattern scenario. A breakout to thr lower yellow trendline would bolster to this scenario. Otherwise please be careful for any strong breakout towards the bullish continuation critical line 3 or any bullish trap (throw-over) pattern scenario. Good luck.

[Jebatfx]

Gbp vs Jpy (1H) - At this moment, I'm looking forward for a bearish reversal trend to perform corrective wave a, b and c in white. But, please be careful since market is alos in favour to perform another bullish continuation trend to complete a "throw-over/bullish trap" scenario of wave 5/b in yellow. Otherwise we may see another bullish rally (167.59) to complete major wave 4 in magenta. Advisable to look for any opportunity towards a bearish reversal trend scenario either in alt counts in white or yellow.


Gbp vs Usd (Daily) - At this moment, market already reached the upper channel trendline. Therefore, I'm looking forward for any possibility towards a pullback/bearish reversal trend scenario either a completion of major wave 4 in magenta or subwave v in yellow. Otherwise, please be careful since market have a big possibility to perform a bullish continuation trend refering to the alt count in white.

Good luck.

[Jebatfx]

At this moment, I'm looking forward for a bearish reversal trend refering to the alt count in white to perform corrective subwave c. But, please be careful since market may also showed a horizontal triangle pattern (ascending triangle) which may bolsters towards the bullish continuation trend scenario. Therefore, please be careful for any possibility towards a bullish trap pattern (yellow) or a strong bullish continuation trend scenario (magenta). Also please be noted that there will be an announcement of NFP tomorrow 8.30pm (GMT+8). Overall, I'm expecting for a bearish reversal trend either in white or yellow. Good luck.

[trendgenius]

I had been forecasting a bearish reversal since 8/3/09 but looks like GBP/JPY got stuck in 200 pip rage (162 -160) until after the BOE rate decision yesterday, immediately after which bearish reversal took place.

Seems as if in the week of the BOE rate decision GBP/JPY cease all trends and goes into a sideways range until after.

[Jebatfx]

Gbp vs Jpy (1H) - At this moment. I'm looking forward for a bearish continuation trend to complete corrective subwave c in a refering to the alt count in white. Therefore, please be careful for any bounce or breakout scenario towards the lower red trendline. Otherwise, we may see another bullish continuation trend to complete a "throw-over" pattern wave 5 in yellow or major wave 4 in magenta. Please be careful for NFP announcement tonight at 8.30 pm (GMT+8).



Gbp vs Usd (Daily) - At this moment, price already performed a pullback scenario from the upper green trendline. Therefore, I believed more likely market in progress to perform subwave 4 in yellow before expecting for another bullish continuation trend either to complete a truncated subwave 5 or an impulsive subwave 5. Or, otherwise, a further breakout towards the yellow/white critical line would indicate that perhaps market is already in progress to perform major wave 5 in magenta. Good luck and happy weekends.