GBP/JPY Technical Analysis

[Jebatfx]

I'm looking forward for a further downside trend to complete subwave c (cyan) and wave a (yellow or magenta) to perform a "Head & Shoulder" pattern (3 blue rectangle) before expecting another bullish retracement to complete wave b (yellow or magenta). Please be noted that alt count in white is already invalid. Good luck.

[Jebatfx]

At this moment, I'm looking for a completion of subwave c and corrective wave a (yellow or magenta) before expecting for a bullish retracement trend to complate wave b (yellow or magenta) and to perform a "Head & Shoulder" pattern (3 blue rectangle) later. Therefore please look for any bearish continuation signal from BSTS later once wave b is completed for market to perform a corrective wave c (yellow or magenta). Have a nice weekend and good luck.

[Jebatfx]

I'm looking forward for a completion of wave b either refering to the alt count in yellow or magenta before expecting a major bearish reversal trend to complate wave c (yellow or magenta) later. As long the bullish continuation line 2 still intact, this scenario would still valid. Otherwise we may see a bullish continuation trend to complete wave 3 in white. Advisable to look for any bearish reversal entry signal (including Eur/Jpy) from BSTS later. Good luck.

[Jebatfx]

Preferably, I'm looking for a downside movement to perform corrective c (yellow) with condition wave b is already completed. A strong resistance from the upper green trendline would bolster this scenario. Otherwise we shall see a breakout to the upper green trendline either to perform wave b in magenta or wave 3 in white. Therefore please analyse any entry entry from BSTS before making any decission. Good luck.

[Jebatfx]

I'm looking forward for any breakout from the teal triangle to determine which count is more preferable. A further breakout to the lower teal triangle would bolster the bearish reversal trend scenario. Otherwise please be careful for any breakout to the upper teal triangle trendline. Good luck.

[Jebatfx]

At this moment, price already made a breakout to the lower teal triangle trendline. Expected to see a further movement to the downside until the lower red trendline to complete subwave i (yellow) before any possible upside movement to complete subwave ii (yellow ) or wave b (magenta) or wave 3 (white). So please watch closely the lower red trendline for any breakout or bounce scenario later. Also if there is any movement to the upside trend, please monitor the upper green trendline and the bullish continuation line 1 and 2. Therefore please be extra careful since tonight (8.15pm GMT +8) and on Friday (8.30pm GMT +8) got a very important news that will effect the market. Preferably, I'm looking for a bearish movement within this week and don't forget to protect your entry with SL. Good luck.

[Jebatfx]

I'm looking forward for a completion subwave ii (yellow) before expecting another bearish continuation to complete subwave iii, iv and v in C (yellow). Please be noted that if the yellow critical line is taken, then this scenario will be invalid. Therefore please analyse all possible alt counts and determine which one is more favourable from your trading system (BSTS). Good luck.

[Jebatfx]

Until this moment, I'm looking forward for a confirmation of completion subwave ii (yellow) later today. Price already reached the end of the teal triangle and have to breakout either to the lower or upper trendlines. Please watch closely all important trendlines and critical lines to assist you in determine which alt counts is valid or invalid later. Advisable to wait for a good entry signal from BSTS later before making any entry. Market may in stagnant phase until NFP announcement tomorrow night (8.15pm GMT +8). Good luck.

[Jebatfx]

Please be noted that if refering to the alt count in yellow, I believed subwave ii is already completed and looking forward for a bearish continuation trend later. But please be careful if the price make a further upside movement and break the yellow critical line, this scenario would be invalid. So please analyse also the alt count in magenta and white. Good luck.

[Jebatfx]

I'm looking forward for a further downside if wave iii (yellow) really in progress. But if the "triple bottom" scenario is valid, then we shall see the price will bounce again. Also please be extra careful today since tonight (8.15pm GMT +8), there will be an NFP announcement. Preferably, I'm looking for a further downside movement during the NFP news. Good luck.