GBP/JPY Technical Analysis

At this moment, I’m looking forward for an opportunity towards a bearish reversal trend and a bullish trap scenario refering to the alt count in yellow. A breakout towards the lower red trendline would bolster to this scenario. Therefore, advisable to look for any bearish reversal entry signal from BSTS later. Otherwise we may see another bullish continuation trend either in white or magenta.

Gbp vs Jpy (1H) - At this moment, I believed market in progress to complete corrective wave a in yellow before expecting for a bullish retracement trend to perform corrective wave b. Therefore please watch closely for any breakout or bounce scenario at the lower red trendline later. Advisable to look for any opportunity towards a bearish continuation entry signal from BSTS later. Otherwise, market may only perform an expanding flat corrective refering to the alt count in white where as we may see another strong bounce scenario to complete wave 5 in white or magenta.

Gbp vs Jpy (Weekly) - Preferably, I’m looking forward for a major bearish continuation trend scenario to perform major wave 5/c in yellow. Otherwise, we may see another bullish rally to complete the unfinish major wave 4 either in white or magenta.

Gbp vs Usd (Daily) - Market just perform a strong pullback scenario. Favourably, I’m looking forward for a bearish reversal trend scenario to perform corrective wave a, b and c in yellow OR a major bearish continuation trend scenario to complete major wave 5 in magenta. Otherwise, we may see another bullish rally refering to the alt count in white scenario.

Eur vs Usd (Weekly) - Preferably, I believed market in progress to perform a major wave iii in yellow as long the yellow critical line is remain intact. Otherwise, if the critical line is taken, then market in favour to complete the unfinish major correctuve wave b in white before expecting for another major bearish reversal trend to perform major wave c.
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Good luck.





At this moment, please be noted that due to the further bearish continuation trend, therefore I believed the previous alt count in white or magenta is already invalid. Favourably, I’m looking forward for a completion of correctie wave a either in yellow or white before expecting for any bullish retracement trend to complete corrective wave b. Please watch closely for any breakout (S3) and the bearish channel. Good luck.

At this moment, I believed market just performed a bullish retracement trend either to complete corrective wave b in yellow (completed) or white (in progress) before expecting for another bearish continuation trend to complete corrective wave c. Therefore, advisable to look for any possibility towards a bearish continuation entry signal later from BSTS. Otherwise, please be careful for any breakout towards the upper green trendline which would indicate that corrective wave b (white) still not complete yet. Good luck.

Anyone in GBP/JPY, and does anyone see the divergence? Coming down? The Bearish calls everyone’s making, coming true?

yes, you r right. we can see a bearish divergence but please be careful since market have to perform subwave ii before any possible further downtrend. Good luck.


Favourably, I’m looking forward market to perform corrective wave c in 5 bearish wave structures. Therefore please be careful for any bullish retracement trend to perform subwave ii in C before expecting for another possibility towards any strong bearish continuation trend scenario. Otherwise, please be careful for any breakout towards the upper green trendline and yellow critical line that would bolster to the alt count in white. Happy weekends and good luck.

Preferably, I’m looking forward for a futher bearish continuation trend scenario to perform subwave iii in c refering to the alt count in yellow. A further breakout towards the bearish continuation critical line 2 would bolster towards this scenario. Otherwise, please be careful for any bullish trend either to perform subwave ii in white or major wave 4 in magenta. Good luck.

At this moment, I’m expecting for another bearish continuation trend scenario either refering to the alt count in yellow or white. Therefore, advisable to look for any bearish continuation entry signal from BSTS later. Otherwise, please be careful for any breakout towards the yellow or white critical lines. that would favour to the alt count in magenta scenario. Good luck.

Favourably, I believed market will perform another bearish continuation trend scenario (yellow or white). A pullback from the upper green trendline and a further breakout towards the bearish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful for any breakout towards the bearish upper green trendline channel and yellow/white critical lines. Good luck.

Hi Jetbatx,

Thanks for your analysis. I’ve been following the guppie and it is nice to be able to confirm my trend lines and some of my analysis with your charts. Cyclopip’s eyeballs had a short at 157.50 and it looks like it hit that and pulled back. Hopefully we’ll see it stick although it’s going sideways a bit right now.

I shorted a bit early so I’m drawing down a bit right now but have my stops placed and targeting the 154.25 area if the trend continues.

Favourably, I’m looking forward for any possibility towards a bearish continuation trend scenario refering to the alt count in cyan and white. A breakout towards the bearish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful for any bullish trend and any breakout towards the upper green trendline and white critical line that would in favour to the alt counts either in yellow or magenta. Good luck.

At this moment, I’m looking forward for a valid descending triangle bearish continuation pattern to bolster towards the alt count in cyan/white scenario. A breakout to the lower yellow trendline would bolster to this scenario. Otherwise, please be careful for any breakout towards the upper yellow trendline. I also would like to wish all muslims a joyous and blessed Ramadan. Happy weekends.

At this moment, I’m looking forward for a completion of horizontal triangle corrective abcde either in yellow or white before expecting for another bearish continuation trend. But please be careful for any possibility towards the alt count in magenta since we need to see any strong breakout to confirm either trend. Good luck.

At this moment, I’m looking forward for a breakout towards the bearish continuation critical line 1 (yellow horizontal trendline) to bolster to the alt count in yellow scenario. Otherwise, please be careful for any bounce scenario perhaps to complete the unfinish subwave e in 2 (white). Good luck.

At this moment, I’m looking forward market to perform another bearish continuation trend to complete subwave iii in yellow. Otherwise, please be careful for any false breakout scenario and any bullish trend either to complete the unfinish subwave e in 2 (white). Good luck & “selamat menjalani ibadah puasa”.

At this moment, I’m looking forward for a true breakout towards the bearish continuation critical line 2 to bolster the subwave iii in yellow scenario. Otherwise, please be noted that there is a probability the market may perform a bullish retracement trend 1st to perform subwave ii in white. Good luck.

[B][U]Chart 1H[/U][/B] - Favourably, I believed market will perform another bearish continuation trend to perform either subwave v in white or yellow before expecting for a bullish retracement trend. Therefore, please be careful for any bullish retracement trend scneario once subwave v is completed (impulsive or truncated).

[B][U]Chart Daily[/U][/B] - Preferably, I believed market already in progress to perform a major wave 5 either in yellow or white. Another strong bearish continuation trend would bolster towards the alt count yellow scenario otherwise please be noted that market have a strong probability towards a bullish retracement trend scenario to perform subwave 2 in white before expecting for another major bearish continuation trend scenario. So, please be extra careful for that. Good luck and happy weekends.

[B][U]Gbp vs Jpy (1H)[/U][/B] - At this moment, I’m looking forwards for a further bearish continuation scenario either in white, yellow or magenta. Please be extra carefil since market may perform a strong bullish retracement trend to perform wave 2 in white before expecting for another bearish continuation scenario. Favourably, I believed market is already in progress to perform major wave 5.

[B][U]Gbp vs Jpy (Daily)[/U][/B] - Market is already break the lower red trendline therefore, I believed market is already in progress to perform another bearish rally towards to complete major wave 5 in C. Please be noted that market have a possibility to perform a bullish retracement trend to complete wave 2 in white. Also please be careful for any bounce scenario towards the bearish continuation critical line 1.

[B][U]Gbp vs Usd (Daily)[/U][/B] - Preferably, I’m looking forward for a bearish reversal (yellow) trend or a bearish continuation (magenta) trend scenario to perform either corrective a, b and c in yellow or magenta. Please be careful for any possibility towards bullish retracement scenario refering to the alt count in magenta. Adviseable to look for any bearish entry opportunity from BSTS later.

[B][U]Gbp vs Usd (Weekly)[/U][/B] - I believed market already complete either major wave 4 in magenta or corrective wave C in yellow. Therefore, favourably I’m expecting market to perform another bearish trend scenario. Good luck.

At this moment, I’m looking forward for a pullback scenario from the upper green trendline refering to the subwave alt count in cyan to bolster towards the bearish continuation trend scenario either in yellow or magenta. Otherwise, market may in progress to complete the unfinish of major wave 2 in white if we found any strong breakout later towards the upper green trendline. Favourably, please look for any bearish entry opportunity from BSTS later. Good luck.

At this moment, I’m looking forward for another bearish continuation trend or a triple bottom scenario either to complete major wave 1 in white or subwave 3 in cyan or wave v in yellow before expecting for any bullish retracement trend. A breakout toward the S3 would bolster to this scenario. Otherwise, please be careful any unexpected earlier bullish retracement trend scenario. Good luck.