GBP/JPY Technical Analysis

At this moment, I’m looking forward for a bullish reversal trend to be perform either referring to the alt count in white or yellow. A valid diagonal triangle pattern and a double bottom scenario would bolster this point of view. Otherwise, we may see another breakout to the white/yellow critical lines to perform wave 5 in magenta. Advisable to look for a good bullish reversal entry signal later from BSTS. Good luck.

At this moment, I’m looking forward market either to perform corrective c (white) or a truncated subwave v in 5 (yellow) before expecting for a bullish reversal trend. Otherwise this scenario would be invalid if there is any true breakout to the white/yellow critical lines which is favourable to the alt count in magenta. But please be careful for any bearish trap scenario. Advisable to look for any bullish reversal entry signal from BSTS later. Good luck and happy weekends.

[B][U]Gbp vs Jpy 1H, 4H & Daily Pre Market Overview [/U][/B]

[B]Chart 1H -[/B] Preferably, I’m looking forward for any possibility towards a bullish reversal trend either referring to the alt count in white, yellow or magenta. Therefore, please analyse all trendlines and critical lines for any breakout. Please be noted that both alt counts in white and yellow would be invalid if there is any true breakout to the bearish continuation critical line 1.

[B]Chart 4H -[/B] Please be noted that if the diagonal triangle pattern is valid, then favourably, we shall see a bullsih reversal trend later next week. But please be careful for any “throw over” or bearish trap scenario.

[B]Chart Daily -[/B] I’m looking forward for a completion either a truncated subwave 5 in 5 (yellow) or impulsive subwave v in 5 (magenta). Therefoe, advisable to look for any bullish reversal entry signal from BSTS later next week.

[B][U]Summary :[/U][/B]

  1. Advisable to look for any bullish reversal trend later next week to perform corrective a, b and c once wave 5 is completed (white or yellow).
  2. But please be careful for any bearish trap scenario (yellow) or a bearish continuation trend to perform an impulsive subwave v in 5 (magenta).

Good luck.

At this moment, as long the white/yellow critical line remain intact, preferably, I’m looking forward for a bullish reversal trend to be perform later either referring to the alt counts in white or yellow. Otherwise if the critical line is taken, market will be more favour to the alt count in magenta. But please be careful for any bearish trap or “throw-over” scenario. Advisable to look for a good bullish reversal entry signal from BSTS within this week. Good luck.

Preferably, I’m looking forward for a bullish reversal trend either referring to the alt count in white or yellow. A breakout to the major upper green trendline would bolster this scenario. Otherwise please be careful for any bearish continuation trend according to the alt count in magenta. Good luck.

At this moment, please watch closely both bullish critical line 1 and bearish critical line 1 to determine which alt counts that is more favourable. Preferably, I’m looking forward for a bullish reversal trend to be perform later referring either to the alt count in white or yellow. But please be extra careful for any bearish trap scenario or a bearish continuation trend accoding to the alt count in magenta. Good luck.

At this moment, I’m waiting for a true breakout from the teal triangle to determine which alt count that is more favourable. Also, please watch closely both bullish critical line 1 and bearish critical line 1 for any breakout. Preferably, I’m still looking forward for a bullish reversal trend to be perform later as long the bearish continuaiton critical line 1 is remain intact. So please be careful for any bearish trap scenario later. Good luck.

At this moment, price already break my bullish continuation critical line 1. Preferably, I’m looking forward for further bullish continuation trend either to complete subwave a in white or subwave a in yellow. But, please be careful for any breakout to the lower red trendline. Good luck.

Please analyse the latest posibble counting and preferably, I’m still believed market will perform a bullish reversal trend later (white or yellow). A breakout to the major upper green trendline would bolster this scenario. Otherwise this scenario would be in major doubt if there is any true breakout to the white/yellow critical line unless if its only a “throw-over” or bearish trap scenario. Therefore, please monitor closely both critical lines to determine the probability of major trend later. Advisable to look for an opportunity of the bullish reversal trend from BSTS later. Good luck.

Due to the further downside movement, I need to made some counting adjustment. Therefore, please analyse the latest update alt counts and preferably, I’m looking forward for a bullish reversal trend referring either to the alt count in white (triple bottom) or yellow. Otherwise if not, we may see a bearish continuation trend according to the alt count in magenta. Good luck.

At this moment, due to further downside trend, I’m looking forward a possibility for the completion of truncated wave 5 (yellow) or an impulsive wave 5 (magenta) before expecting a bullish reversal trend to perform corrective a, b and c. Please be careul for any “throw over” and a bearish trap scenario. Good luck and happy weekends.

Preferably, I’m looking forward for any possiility of a bullish reversal trend within this week. Please be noted that market scenario right now is either wave 5 is already completed (white or yellow) or still in progress (magenta). Please watch closely for any breakout of the triangle. Advisable to look for any bullish reversal signal later from BSTS within this week. Good luck.

At this moment, price already break the major upper green trendline. A further breakout to the bullish continuation critical line 1 and magenta critical line would bolster the bullish reversal trend scenario referring to the akt count either in white or yellow. Otherwise, please be careful for any false breakout scenario and a breakout to the lower red trendline. Good luck.

Preferably, I believed market in bullish reversal trend to perform a corrective wave abc in a (white or yellow) before expecting a bearish retracement to perform corrective wave b (white or yellow). But until now, the magenta critical line still remain intact, therefore a further upside breakout would bolster the bullish reversal trend scenario. But, please be careful for any breakout to the lower red trendline. Good luck.

I believed market in bearish retracement trend to complete subwave 4 in c/a before expecting for another bullish continuation either to complete a truncated subwave 5 (white) or an impulsive subwave 5 (yellow). A further breakout to the upside (magenta critical line) would bolster the bullish reversal trend scenario. Otherwise, please be careful if there is any breakout to the white/yellow critical line. Good luck.

At this moment please be noted that the magenta critical line still remain intact. Therefore, please be extra careful for any possibility for the bearish continuation trend referring to the alt count in magenta. Preferably, I’m believed market in bullish reversal trend to complete corrective a, b and c (white or yellow). But please be careful again for any possiblity of a truncated scenario according to the alt count in white. Good luck.

At this moment, I’m looking forward for a breakout to the major bullish critical line 1 to bolster the bullish reversal trend scenario. Please be noted that, even if market already in bullish reversal trend, a significant of bearish retracement is needed to perfom a corrective wave b before for another bullish continuation to complete corrective wave c (white or yellow). Otherwise, please be careful for any possibility referring to the alt count in magenta. Good luck.

At this moment, I’m looking forward for a completion of corrective subwave 4 in abcde horizontal triangle pattern before expecting for another bullish continuation to complete subwave 5 in a (yellow). Otherwise, we may see either a bearish retracement trend to perform corrective wave b in white or a bearish continuation trend referring to the alt count in magenta. Good luck.

Preferably, I’m looking forward market to complete a horizontal triangle corrective pattern abcde before expecting a bullish continuation to perform subwave 5 in a (yellow). Otherwise we may see bearish retracement (white) or a bearish continuation trend (magenta). Please watch closely for any breakout to determine which alt counts that may in progress. Good luck.

At this moment, I’m looking forward for a completion of corrective subwave e in 4 before expecting for another bullish continuation trend to perform subwave 5 in a (yellow). But please be careful for any breakout to the lower red trendline which would favour to the alt counts either in white or magenta. Good luck.