GBP/JPY Technical Analysis

At this moment, I’m looking forward for a further bearish continuation trend either to complete wave 2 (white or magenta) or major corrective wave b (yellow). A valid “Head and Shoulder” pattern would bolster towards the alt count in yellow which is market will perform a 5 bearish wave structures to complete major corrective wave b (yellow). Also, please monitor closely the major lower red trendline for any bounce or breakout scenario. Good luck.

At this moment, price just bounce from the bearish continuation critical line 1. Favourably, I’m looking forward for a bullish retracement trend either to perform corrective wave b in magenta or subwave ii in yellow before expecting for another bearish continuation trend scenario. A valid “Head and Shoulder” pattern would bolster to this scenario. Advisable to look for any bearish continuation trend later from BSTS. Good luck.

Preferably, I’m looking forward for a valid “Head and Shoulder” reversal pattern to bolster towards the alt count in yellow. I believed market will perform a bearish trend either to complete a wave 2 in magenta or a major corrective wave b in yellow. A further breakout towards the yellow neckline and bearish continuation critical line 1 would bolster towards this scenario. Otherwise, please be careful for any possibility to the alt count in white scenario. Good luck.

At this moment, I’m looking forward for a breakout towards the white critical line to bolster the bearish continuation trend and “H & S” pattern scenario either to complete wave 2 in magenta or major corrective wave b in yellow. Otherwise, please be careful for any bullish continuation trend and any breakout toward the yellow critical line. Good luck.

At this moment, I’m waiting for any true breakout from the teal triangle corrective pattern to determine which alt counts that is more in favour. Preferably, I’m looking forward for a breakout towards the lower teal triangle trendline and later to the white critical line to bolster the bearish retracement scenario (magenta or yellow). Happy weekends and good luck.

At this moment, favourably, I’m looking forward for any breakout towards the lower red teal triangle trendline and white critical line to bolster the "H & S"pattern and bearish retracement trend scenario. Advisable to look for any bearish retracement entry signal from BSTS later. Otherwise, please be careful for any breakout towards the yellow critical line. Good luck.

Please be noted that I have to do some recount due to the breakout towards the previous yellow critical line. Preferably, I’m still looking forward for a bearish retracement trend scenario either refering to the alt count in magenta or yellow. This scenario would be invalid the there is any breakout towards the bullish continuation critical line 1. Good luck.

At this moment, price already at the lower red teal triangle trendline (neckline). Preferably, I’m looking forward for a further breakout to the downside trend to bolster the bearish retracement trend either to complete wave 2 in magenta or major corrective wave b in yellow. Otherwise, please be careful for any false breakout or bounce scenario. Good luck.

Please be noted that due to the current market situation, I have to do a major recounts. Therefore, please analyse the latest possible alt counts scenario. Favourably, I’m still looking for any opportunity for a bearish retracement trend magenta or yellow) before expecting for another major bullish reversal trend scenario to perform major wave 4 in weekly. Advisable to look for any bearish retracment entry signal later from BSTS as long the yellow critical line is remain intact. Good luck.

At this moment, price still inside the diagonal triangle pattern. I’m looking forward for any breakout to determine either market in favour towards the alt count in white or magenta/yellow. Favourably, I believed market will perform a major bearish retracement trend refering to the alt count in yellow to perform a major corrective wave b. Otherwise we may see a bullish continuation trend to complete subwave 5 in white. Happy weekends and good luck.

At this moment, price already near the white critical line. Preferably, I’m looking forward for a further breakout to the downside to bolster towards either the alt count in magenta or yellow. Otherwise, please be careful for any false breakout scenario. Good luck.

Please be noted that favourably, the alt count in white is already invalid. Preferably, I believed market in progress to perform a major corrective wave b in yellow before expecting for any bullish continuation trend to complete major corrective wave c in 4 (weekly). Another breakout towards the major lower red trendline would bolster this scenario. Otherwise, please be careful for any bounce scenario refering to the alt count in magenta. Good luck.

Preferably, I’m looking forward for a further breakout towards the major red lower trendline to bolster either the new alt count in white or yellow. I believed market will continue further to the downside the complete 5 bearish wave structures before expecting for any bullish reversal trend scenario. Otherwise, please be careful for any bullish trend scenario to complete wave 3 in magenta. Good luck.

At this moment, I believed market already completed the subwave 4 (magenta/cyan/white), before expecting for another bearish continuation trend either to perform a truncated subwave v in magenta or an impulsive subwave 5/v either in white or cyan. Preferably, I’m looking for an opportunity towards either the alt count in white or yellow. A breakout towards the bearish continuation critical line 2 would bolster to this scenario. Otherwise, please be careful if market perform the truncated scenario (magenta) and any breakout towards the white/yellow critical line. Good luck.

At this moment, I’m looking forward for a further bearish continuation trend either to complete subwave v in white or subwave iii in yellow. Otherwise, please be careful for any possibility towards the alt count in magenta. Good luck.

At this moment, I’m looking forward for a true breakout towards the bearish continuation critical line 2 to bolster the bearish retracement trend secnario either to complete a major corrective wave b in white or yellow. Otherwise, please be careful for any bounce scenario and any possibility towards a bullish continuation trend refering to the alt count in magenta. Good luck.

At this moment, favourably I’m looking forward for any possiblibity for a further bearish cotnianution trend scenario either to complete subwave v in white or subwave v in yellow. Please be noted that this scenario is not valid if the white/yellow critical line is taken. Otherwise, we may see a bullish continuation trend refering to the alt count in magenta. Happy weekends and good luck.

At this moment, favourably I believed market will perform a bearish continuation trend either refering towards the alt count in white or yellow. A further breakout towards the S3 critical line would bolster this scenario. Otherwise, please be careful for any upside trend and any breakout to the upper green trendline. Good luck.

At this moment, price just bounced after break the bearish continuation critical line 1. Favourably, I believed market in progress to perform a subwave ii in cyan before expecting for another bearish continuation trend scenario. But this scenario is invalid if there is any breakout towards the white/yellow critical line. Otherwise, please be careful for any bullish continuation trend scenario if an “Inverted Head & Shoulder” pattern is valid (magenta). Good luck.

Chart 1H - At this moment, due to the breakout from the upper green trendline, market getting more bias towards the bullish continuation trend (white or magenta). But, favourably I’m still believed market should perform a bearish trend to complete a more convincing of subwave b in iv (yellow). So, please be extra careful.

Chart Weekly - At this moment, I believed market in progress to complete major wave iv either in white or yellow. Preferably, I’m looking for any bearish retracement trend to perform a corrective sub wave b (yellow) before expecting for another bullish continuation trend to complete major wave iv (yellow). Good luck and happy weekends.