GBP/JPY Technical Analysis

[Jebatfx]

Chart 1H - Please be noted that both alt counts in magenta and aqua is already invalid. Preferably, I believed market in progress to complete major wave 2 in white before expecting for another bearish continuation trend scenario. Otherwise, please be careful for any "double top" scenario (unfinish major wave 2) or any breakout towards the white critical line.



Chart Weekly - Favourably, I'm looking forward for a possibility for major bearish continuation trend refering to the alt count in white scenario. Otherwise, please be careful for any breakout towards the major upper green trendline (yellow). Good luck.

[Jebatfx]

At this moment, I'm expecting market to perform another bearish trend either in white or magenta (double top). Otherwise, please be careful for any breakout towards the magenta critical line. Please be noted about the NFP announcement tonight (9.30 pm GMT +8) and please be careful. Good luck and happy weekends.

[Jebatfx]

Gbp vs Jpy (1H) - At this moment, I'm looking forward for a bearish reversal trend either in white or magenta. Therefore, advisable to look for any opportunity towards a bearish entry signal form BSTS later. A pullback from the upper green trendline would bolster towards the alt count in white. Otherwise, please be careful for any bull trap scenario.



AUD (Daily) - At this moment, I believed the bullish trend will going to end soon either refeing to the alt counts in white or yellow (double top). A diagonal triangle pattern in wave 5 indicates that market already in ending stage of bull. Therefore, advisable to look for any opportunity toward any bearish reversal entry signal from BSTS later. Please be careful for any false breakout or bullish trap scenario. Good luck.

[Jebatfx]

At this moment, I'm looking forward for an opportunity towards a bearish reversal trend either in white or magenta. Please be careful for any "bullish trap" or "double top" scenario. Good luck.

[Jebatfx]

Favourably, I'm looking forward market to perform a bearish reversal trend to complete corrective wave c in white. Otherwise, please be careful for any bullish continuation trend to complete the unfinish wave 5 in magenta or any "bull trap" scenario. A breakout towards the lower red trendline would bolster to the alt count in white scenario. Good luck.

[Jebatfx]

Preferably, I believed market will perform a berish continuation trend to complete subcorrective wave iii in c (white). Otherwise, please be careful for any breakout towards the upper green trendline which would indicate that wave 5 in magenta still in progress before expecting for any bearish reversal trend. Good luck.

[Jebatfx]

At this moment, favourably I'm expecting for any possibility towards a "pullback" scenario from the upper green trendline to complete subwave iii in white. A breakout to the pivot and S3 critical line would bolsters to this scenario. Otherwise, please be careful for any "bull trap" or a " double top" scenario. Happy weekends and good luck.

[Jebatfx]

Gbp vs Jpy (1H) - At this moment, the lower red trendline still remain intact. Therefore, please be extra careful since market may perform another bullish trap scenario refering to the alt count in magenta before we can expecting for a bearish reversal trend scenario. Otherwise, if the lower red trendline and the bearish continuation critical line 1 is taken, then I believe market already in progress to complete subwave iii in c (white).



Gbp vs Jpy (Daily) - Favourably, I'm looking forward market to perform a major bearish continuation trend scenario either in white (wave 2 completed) or magenta (wave 2 still in progress).



Gbp vs Usd (Daily) - At this moment, I'm looking forward market to complete corrective wave b either in magenta or yellow before expeting for a bearish reversal trend to complete corrective wave c. A diagonal triangle pattern indicate that perhap bullish trend is already exausted. But please be careful for any common bullish trap scenario in those pattern.



Gbp vs Usd (Monthly) - Preferably, I'm looking forward market to perform a major bearish trend either to perform corrective wave c in yellow or major wave 5 in magenta.

[Jebatfx]

AUD (Daily) - A diagonal triangle pattern indicate that the bullish trend since march 2009 is in ending stage (exausted). Therefore, advisable to look for any opportunity towards a bearish reversal trend scenario to perform corrective wave a,b and c in white. Otherwise, please be careful for a "double top" scenario to complete wave v in 5 before we can expecting for any bearish reversal trend. Good luck.

[Jebatfx]

At this moment, due to the breakout of lower red trendline, therefore I believed market in favour towards a bearish continuation trend to perform subwave iii in white. But, a true breakout towards the bearish continuation critical line 1 is necessary to bolster towards this scenario. Otherwisem, please be careful for any bounce scenario from any support critical lines. Good luck.