GBP/JPY Technical Analysis

At this moment, I’m expecting market to perform a pullback from the pivot critical line and looking forward for a breakout towards the red lower trendline. Otherwise, please be careful for any breakout towards the pivot and R3 critical line. Good luck.

Preferably, I believed market in progress to complete subwave iii in aqua and looking forward for an extension of wave 3 either in white or magenta. A breakout towards the S3 critical line would bolster to this scenario. Please be careful for any bullish retracement trend scenario perhap to perform subwave iv refering to the alt subwave count in aqua. Happy weekends and good luck.

At this moment, I believed market in progress to complete wave 3 either in yellow. white or magenta. Therefore, I’m expecting for any possibility towards a bullish retracement trend scenario later to perform wave 4. Please be noted that we may seem to see an extension of wave 3 in magenta but please be careful for any “double bottom” or a “bear trap” scenario. Good luck.

At this moment, more likely wave 4 is already completed either refering to the alt counts in yellow or magenta. A breakout towards the pivot critical line would bolster to this scenario. But please be noted also that, we may see another bullish retracement trend scenario to complete the unfinish of wave 4 in white. Also please take note that we may see a truncated of wave 5 scenario refering to the alt counts either in yellow or white. Therefore, a significant movement and breakout is still yet remain to be seen to determine which scenario that is more in favour. Good luck.

Im interested too, the count is automatic?

manual observation and counting. Happy trading.

Gbp vs Jpy (1H) - Favourably, I believed we may see another bearish continuation trend scenario either to complete subwave v (aqua) in wave 5 (white) to perform a “bearish trap scenario” or another major bearish continuation trend to complete major wave 5 in magenta. Otherwise, we may see a bullish reversal trend scenario if the “double bottom” pattern in valid.

Gbp vs Jpy (Daily) - Please be noted that a “double bottom” scenario would bolster to the alt counts either in yellow or white. Otherwise, I believed we may see another bearish rally perhaps to re-test the previous bottom (118.82) refering to the alt count in magenta. Good luck.

At this moment, a significant breakout from either the magenta critical line or yellow/white critical line is necessary to determine either we shall see a truncated scenario (bullish reversal) refering to the alt counts either in yellow or white ; or an impulsive scenario refering to the alt count in magenta. A valid diagonal triangle reversal pattern would bolster to the alt counts either in yellow or white scenario. Otherwise, a breakout to the strong support 129.66 would favour to the major bearish continuation trend scenario in magenta. Good luck.

At this moment, please be careful for any possibility towards a bullish reversal trend scenario either refering to the alt counts in yellow or white. A diagonal triangle pattern and a bearish trap scenario would bolster to this scenario. Otherwise we may see another bearish continuation trend scenario. Happy weekends and good luck.

[B]Gbp vs Jpy (1H)[/B] - At this moment, I believed market in progress to perform sub corrective wave a in white or wave 4 in magenta. Therefore, I’m looking forward for another bearish continuation trend scenario later either to complete sub corrective wave b in white or wave 4 in magenta. Otherwise, please be careful for any breakout towards the upper green trendline and R3 critical line.

[B]Aud vs Usd (Daily)[/B] - Preferably, I believed market in progress to perform a major bearish reversal trend scenario to complete major wave C either in white or magenta. Please be careful for any bullish retracement trend scenario later.

[B]Usd vs Cad (Daily)[/B] - Favourably, I believed market already in progress to perform a major bullish reversal trend scenario to perform wave C either in white or yellow. Please be noted that market have to perform a 5 bullish wave structures to complete wave 5 in C. Therefore, please be careful for any bearish retracement trend scenario later. Good luck.

At this moment, a breakout is still yet remain to be seen to determine which alt count that is more preferable. A valid “rising wedge” pattern would bolster to the alt coun in magenta scenario. Otherwise, we may see a bullish reversal trend either in yellow or white. Good luck.

At this moment, I’m looking forward for an opportunity towards a bearish continuation trend scenario refering to the alt count in magenta. A breakout towards the pivot and S3 critical line would bolster to this scenario. Otherwise, please be very careful for any breakout towards the bullish continuation critical line 1. Good luck.

At this moment, a true breakout from either the bullish continuation critical line 1 or the bearish critical line 1 & 2 is necessary to determine which alt counts that is more favourable. Advisable to monitor all the critical lines including the trendlines before making any decision. Good luck.

At this moment, market is more likely in favour towards the alt counts either in yellow or white. But, please be noted that market still have a possibility to perform a bearish continuation trend scenario in magenta. A pullback later would bolster to this scenario. Happy weekends and good luck.

Favourably, I believed will perform another bearish trend either to complete subcorrective wave b in white or wave 5 in magenta. A breakout towards the yellow critical line and lower red trendline would bolster to this scenario. Otherwise, please be careful for any breakout towards the bullish continuation critical line 1. Good luck.

Preferably, I’m looing for another bearish continuation trend scenario refering to the alt subwave count in aqua. A valid “rising wedge” pattern and follow by a breakout towards the yellow critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the aqua critical line. Good luck.

Favourably, I believed market just performed a “bull trap” scenario and therefore I’m looking forward for a pullback scenario either to perform subcorrective wave b in white or wave 5 in magenta. Otherwise, please be careful for further breakout towards the magenta critical line. Good luck.

Favourably, I believed market will perform a bearish continuation trend scenario either to perform subcorrective wave b in white or subwave 5 in magenta. Otherwise, we may see another bullish trend to complete subwave 5 in yellow before expecting for a minor bearish reversal trend scenario. Please be extra careful towards the NFP announcement tomorrow. Good luck

At this moment, I believed market in progress to complete subwave 3 either refering to the alt counts in white (double bottom ?) or magenta. Please be careful towards a bullish retracement trend scenario later to perform subwave 4 either in white or magenta. A breakout to the bearish continuation critical line 1 would indicate that we may see an extension of subwave 3 in magenta. Otherwise, please be careful for any bounce scenario. Good luck.

Preferably, I believed market just completed the subwave 4 either in white or magenta. Therefore, I’m expecting for another bearish continuation trend scenario either to complete a double bottom of wave 5 in white or another further extension refering to the alt count in magenta scenario. Otherwise, please be careful for any breakout to the bullish continuation critical line 1. Good luck.

At this moment, I’m looking forward for a “pullback” scenario from the pivot critical line to complete either the diagoanal triangle reversal pattern in white or a further bearish continuation trend refering to the alt count in magenta. Otherwise, please be careful for any breakout to the upper green trendline and R3 critical line. Good luck.