GBP/JPY Technical Analysis

Due to the bearish trend, please be noted that the previous alt count in yellow and white is already invalid. Therefore please analyse the latest possible alt counts. Favourably, I’m looking for a completed of subwave c in b either referring to the alt count in white, yellow or magenta before expecting a bullish continuation trend to complete wave c. Advisable to look for any good bullish continuation entry signal from BSTS later. Good luck.

Preferably, I’m looking forward for further bullish continuation trend to perform either subwave 3 (magenta) or subwave 1 (yellow or white). A breakout to the bullish continuation critical line 1 would bolster this scenario. Otherwise, please be careful for any breakout to the lower red trendline and the bullish reversal critical line 1 and 2. Good luck and happy weekends.

Preferably, I believed market in bullish reversal trend to perform corrective a, b and c. At this moment, market either in progress to perform subwave 1 in a (white or yellow) before expecting a retracement to complete subwave 2 or market already in progress to perform subwave 3 in a (magenta). Advisable to look for any good bullish continuation entry signal from BSTS later. Good luck.

Please analyse my latest updated chart and favourably I’m looking forward for a bullish continuation referring either to the alt counts in white or yellow. Please be noted that this scenario would be invalid if there is any breakout to the white/yellow critical line. Otherwise, market may going further down to complete corrective wave b according to the latest alt count in magenta. Good luck.

At this moment, I’m looking forward for a bullish continuation to perform either subwave 1 (yellow) or subwave 3 (white) in C. A further breakout to the bullish continuation critical line 1 would bolster this scenario. Otherwise we may see another bearish continuation to perform wave b referring to the alt count in magenta. Therefore please watch closely all critical lines and trendlines. Advisable to look for a good bullish continuation signal from BSTS later. Good luck.

Due to the breakout, the previous alt counts in white and yellow is already invalid. I believed, market in progress to complete corrective subwave b either a double bottom (magenta or yellow) or a bearish trap scenario (white). Preferably, please look for any buy bottom signal from BSTS once corrective wave b is completed. But please be careful for any bearish continuation trend. Watch carefully all critical lines. Good luck.

Please be noted that due to the strong breakout, I need to made a wave recount and therefore, please analyse the latest possible alt counts available. Preferably, market still in progress to complete major wave 5. At this moment, I believed market in subwave 3 and once completed, looking forward for bullish retracement to complete subwave 4. Therefore, please look for any bullish retracement entry signal from BSTS later but please be careful for any subwave 3 extension (magenta). Good luck.

At this moment, I’m looking forward for a bullish retracement to perform subwave 4 before expecting for another bearish continuation either to complete a truncated subwave 5 (white or yellow) or an impulsive subwave 5 (magenta). But please be careful for any subwave 3 extension scenario (magenta). Good luck.

At this moment, I believed market in bearish continuation to complete subwave 3 extension (yellow or white or magenta) before expecting a bullish retracement to perform a corrective subwave 4. Therefore, please look for a bullish retracement entry signal from BSTS later once subwave 3 is completed. Good luck and happy weekends.

At this moment, I’m looking forward for a bullish retracement (teal rectangle zone) to perform corrective subwave a, b and c (cyan) in 4 (white or yellow) before expecting for another bearish continuation to complete subwave 5. Otherwise we may see another bearish continuation referring to the alt count in magenta. Good luck.

At this moment, I’m looking forward market to perform corrective subwave 4 (yellow or white) before expecting for another bearish continuation to complete subwave 5 in 5. Please be noted that subwave 5 in 5 later could be either a truncated wave (yellow or white) or an impulsive wave (magenta). Otherwise we may see a further bearish continuation according to the alt count in magenta. Good luck.

At this moment, I’m looking forward market either to perform a corrective subwave 4 (white or yellow) or a horizontal triangle corrective abcde in subwave 4. I believed market will make a further bullish retracement referring to the alt count in white or yellow. Therefore, please watch closely both critical lines and any breakout to determine which alt count is more favourable. Good luck.

At this moment, market still in progress to complete subwave 4 either according to the alt count in magenta (abcde) or alt count in yellow/white before expecting for another bearish continuation to perform subwave 5. Please watch closely the yellow triangle trendlines for any breakout. Good luck.

Until this moment, I’m believed market still in progress to complete subwave 4 (magenta or yellow or white) before expecting for another bearish continuation to perform either a truncated subwave 5 (white or yellow) or an impulsive subwave 5 (magenta). Preferably, I’m looking forward to see a further bullish retracement according to the alt counts either in yellow or white. A true breakout to the magenta critical line would bolster this scenario. Good luck.

Due to the breakout of the previous magenta critical line, therefore the earlier alt count in magenta is already invalid. Preferably, I believed market still in progress to complete the corrective subwave 4 (magenta or yellow) before expecting for another bearish continuation to perform either a truncated subwave 5 (yellow) or an impulsive subwave 5 (magenta). But please be careful for any possibility market already in bullish reversal trend referring to the latest alt count in white. Advisably to look for any bearish continuation entry signal later form BSTS. Good luck.

Until this moment, I believed market still in progress to complete subwave 5 (cyan) in wave 4 which is either a truncated wave 4 (magenta) or an impulsive wave 4 (yellow) before expecting for another bearish continuation trend to perform wave 5. Therefore, please look for any good entry signal for bearish continuation trend from BSTS later. Good luck.

At this moment, I believed market is going to complete a corrective wave 4 and expecting to see another bearish continuation to perform wave 5 later. But please be noted that this scenario would be invalid if there is any breakout to the magenta/yellow critical line. Therefore, advisable to look for any signal for completion of wave 4 and an entry signal for bearish continuation to perform wave 5 from BSTS later. Good luck.

At this moment, I’m looking for a confirmation that subwave 4 is already completed and I’m expecting to see a bearish continuation trend to perform subwave 5 later. A breakout to the lower red trendlines would bolster this scenario. Meanwhile this scenario would be invalid if there is any breakout to the magenta/yellow critical line. Good luck.

At this moment, I believed market either in progress to perform a bearish continuation trend to complete wave 5 (yellow or magenta) or to perform a bearish retracement trend to complete subwave b in white. Please be noted that there will be a subwave i,ii,ii,iv and v in 5 if the bearish continuation scenario is valid. Good luck and happy weekends.

At this moment, I’m looking forward to see market to perform subwave i, ii, iii, iv, v in 5 (yellow or magenta) before expecting a bullish reversal trend. Preferably, I believed market in progress to complete subwave ii in 5. Please be noted that wave 5 could be only a truncated wave (yellow) or an impulsive wave (magenta). Otherwise we may see a bulliah reversal trend referring to the alt count in white. Good luck.