GBP/JPY Technical Analysis

[Jebatfx]

At this moment, please be noted that an ascending triangle (yellow triangle) pattern may indicate that we may see another bullish continuation trend refering either towards the alt count in magenta or yellow. Otherwise, a breakout towards the lower yellow trendline may bolster to the truncated scenario refering to the alt count in white. Therefore, please wait for any breakout to determine which alt counts that is more favourable. Good luck.

[Jebatfx]

At this moment, I'm looking forward for a completion of subwave 5 either in white, magenta or yellow before expecting for a bearish reversal trend to perform corrective subwave a, b and c. Therefore, advisable to look for any possibility towards a completion of subwave 5 scenario before making any short entry. Good luck.

[Jebatfx]

Chart 1H - At the moment, I'm looking forward for a bearish reversal trend scenario to perform corrective subwave a, b and c in magenta. Otherwise, please be careful for any extension of subwave 5 or a "bull trap" scenario.



Chart Daily - Favourably, I'm looking forward for a "pullback" scenario from the major upper green trendline and a completion of wave 2 either in magenta or white to perform a major bearish continuation trend in wave 3. Otherwise, please be careful for any false breakout scenario or a strong breakout towards the major upper green trendline. Good luck and happy weekends.

[Jebatfx]

At this moment, I'm looking forward for another bearish continuation trend to complete subcorrective wave c in magenta. A further breakout to the lower red trendline and bearish continuation critical line 1 & 2 would bolster towards this scenario. Otherwise please be careful for any breakout towards the magenta critical line which perhap to perform the unfinish subcorrective wave b in white or the white critical line. Good luck.

[Jebatfx]

At this moment, I'm looking forward for a further bearish continuation trend scenario to complete subcorrective wave c in magenta. Otherwise, please be careful for any bullish trend either to complete the unfinish subcorrective wave b in white or subwave 5 in yellow. Good luck.

[Jebatfx]

At this moment, I'm believed market in bearish continuation trend to complete subcorrective wave c either in magenta or aqua. Please be careful for any possibility towards a bullish retracement trend scenario to perform subwave 2 in magenta. Good luck.

[Jebatfx]

Please be noted due towards the strong bullish trend yesterday, therefore the previous alt count in magenta and aqua is already invalid. At this moment, I'm looking forward towards another bearish continuation trend scenario to perform subcorrective wave c once subcorrective wave b is completed either in white or magenta. Please be careful for any "double top" or bullish trap scenario. Otherwise, we may see another strong bullish continuation trend scenario refering to the alt count in yellow. Good luck and happy weekends.

[Jebatfx]

At this moment, I believed market in subwave 4 in aqua before expecting for another bearish continuation trend to complete subwave 5 in c (white or magenta). Otherwise, please be careful for any breakout towards the bullish continuation critical line 1. Good luck.

[Jebatfx]

Chart 1H - Preferably, I believed market will perform a bearish continuation trend to complete subwave 5 in cyan. A breakout towards the lower red trendline would bolster to this scenario. Otherwise, please be careful for any breakout towards the upper green trendline.



Chart Daily - Favourably, I'm looking forward market to perform a major wave 3 in magenta. Otherwise, please be careful for any bull rally and any breakout to the major upper green trendline which would indicate that perhap major wave 2 still in progress (white) or market already in bullish reversal trend to complete major wave a in yellow (truncated scenario). Good luck.

[Jebatfx]

At this moment, please analyse carefully all 3 possible alt counts in the chart (magenta, white and yellow). Favourably, unless market perform a strong breakout towards the s3 critical line (magenta - corrective abcde scenario), then I believed we shall see another bullish trend to complete the unfinish wajor wave 2 in white before expecting for any strong bearish continaution trend scenario. Please be careful trading within this week since its a NFP week (Friday 9.30 pm GMT +8). Advisable to wait for the market to unfold 1st before making any decission to enter the market. Good luck.