GBP/JPY Technical Analysis

At this moment, a breakout either towards the R3 or S3 critical line is still yet remain to be seen to determine which alt counts that is more in favour. Preferably, I’m still looking forward for a bearish continuation trend scenario either in magent or aqua. Good luck.

At this moment, I’m looking forward for a “pullback” scenario from the R3 critical line to bolster to the alt counts either in white or magenta. Otherwsie, we may see another bullish continuation trend scenario refing to the alt count in yellow if the bullish continuation critical line 3 is taken. Good luck.

Favourably, I’m looking forward for a possibility towards a bearish trend either to perform subwave 2 in yellow or subwave 3 in magenta. This scenario would be invalid if market further break the bullish continuation critical line 1 and 2. Due to that if do happen, then we may see a strong bullish continuation trend scenario to perform subwave 3 refering to the alt count in white. Good luck.

Favourably, I’m looking for a bearish trend to be perform later either to complete a “double bottom” scenario refering to the alt count in white or wave 5 in magenta. Otherwise, we may see a bullish trend perhaps to complete corrective wave c in yellow. Good lucks.

A breakout from the triangle is still remain to be seen to determine which alt counts that is more in favour. Preferably, I’m looking towards an opportunity for a breakout to the downside. Good luck.

[B]Gbp vs Jpy (4H)[/B] - I believed market just performed a “bull trap” scenario (false breakout) and looking forward for a 'pullback" to the downside. Otherwise, please be careful for any breakout towards the magenta critical line.

[B]Aud vs Usd (Daily)[/B] - Preferably, I believed market in progress to perform a major corrective wave C either in magenta or white. Therefore, advisable to look for any good opportunity towards a bearish entry either refering to the alt count in magenta or white from BSTS later.

[B]Usd vs Cad (Daily)[/B] - Favourably, I believed market will perform a bullish reversal trend scenario to complete 5 bullish wave structures either in yellow or white.Otherwise, please be careful for any breakout towards the yellow or white critical line. Good luck.

[B]Gbp vs Jpy (4H)[/B] - Preferably, I’m looking for another bearish continuation trend perhaps until the lower red trendline before expecting for any retracement trend to bolster towards the alt counts either in white or magenta scenario. Otherwise, please be careful for any bullish continuaiton trend scenario.

[B]Gbp vs Usd (Daily)[/B] - Favourably, I believed market will perform a “pullback” scenario either to perform corrective wave b in white or wave 5 in magenta. Otherwise, please be careful for any breakout towards the upper green trendline. But, please be careful for any 'bull trap" or false breakout scenario. Good luck.

Favourably, I’m looking forward market to perform a further bearish continuation trend scenario either refering to subwave count in white or aqua. Otherwise, please be careful for any possibility towards a strong bounce scenario from the lower red trendline.

At this moment, I’m expecting for another bearish continuation trend scenario either to perform a reversal sub-diagonal tirangle pattern in white or subwave v in magenta. A breakout to the S3 critical line would bolster to this scenario. Otherwise, please be more careful for any strong bullish trend and any breakout towards the upper white trendline or R3 critical line. Good luck.

Preferably, I believed just performed an “expanding flat” corrective pattern refering to the alt count in magenta. Therefore, I’m looking forward for a bearish continuation trend scenario perhaps to complete subwvae v in magenta. Otherwise, this scenario would be invalid if market further break the magenta critical line. Good luck.

At this moment, I’m looking forward market to further break the strong S3 critical line to complete subwave either in aqua, white or magenta. Please be careful for any strong bounce scenario later. Good luck.

Gbp vs Jpy (1H) - At this moment, please analyse the latest possible alt counts and all critical lines. Favourably, I still looking forward market to perform a further bearish continuation trend scenario refering to the alt count in magenta.
A breakout to the pivot and S3 critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the magenta critical line.

Gbp vs Usd (Daily) - Preferably, I believed market just performed a “bull trap” scenario and I’m looking forward for another bearish continuation trend scenario either to complete the corrective wave b in white (double bottom) or wave 5 in magenta. Otherwise, please be careful for any further bullish continuation trend later.

Aud vs Usd - I believed market in progress to complete major wave 2 either in white or magenta. Therefore, I’m expecting for a strong bearish continuation trend scenario later to perform a major wave 3 in C later. Please be careful for a “bull trap” scenario. Happy weekends and good luck.

At this moment, the alt count in magenta is already invalid. Therefore, I believed market in progress either to complete subwave 5 in white or subwave 3 in yellow. We may see a “double top” scenario either at the bullish continuation critical line 1 or 2 before expecting for any reversal (white) or retracement (yellow) trend scenario. Good luck.

Favourably, I’m expecting market to perform a bearish reversal trend scenario to complete subwave c either in white or magenta. Otherwise, please be careful for a breakout towards the magenta/white critical line.

Please be noted that the previous alt counts in magenta and white is already invalid due to the strong bullish continuation trend. Therefore, at the moment, I’m looking for a bearish trend to be perform either to complete subwave a (magenta or white) or subwave 4 in yellow before expecting for another bullish trend to complete subwave b (magenta/white) or subwave 5 (yellow). Also, you can compare this similar structure to other pairs like GbpUsd, EurUsd and AudUsd. So, setup your best trading plan 1st before making further decission. Good luck.

At this moment, I believed market in progress to perform either a bearish reversal trend to complete subwave a,b and c in magenta or white OR subwave 4 in yellow. A breakout to the bearish continuation critical line 1 would bolster to this scenario. Quick Update - please be noted that, I’m also expecting Gbp/Usd, Eu/Usd and Aud/Usd in progress to perform a bearish reversal trend scenario. Good luck.

At this moment, I believed market in progress to complete subcorrective wave c either in white or magenta. Please be careful for a bounce scenario perhaps to perform a right shoulder for a typical H and S pattern refering to the alt count in magenta. Otherwise, please be careful for any strong bullish continuation trend perhaps to complete subwave 5 in yellow. Happy weekends and good luck.

[B]Gbp vs Jpy (1H)[/B] - At this moment, I’m looking forward for a valid H and S reversal pattern refering to the alt count in white scenario. A pullback from the R3 critical line would bolster to this scenario. Otherwise, we may see another bullish continuation trend either to complete a double top subcorrective b in magenta or subwave 5 in yellow.

[B]Eur vs Usd (4H)[/B] - Preferably, I’m expecting towards a bearish reversal trend either to perform a double bottom of corrective wave b in magenta or wave 5 in yellow. A valid diagonal triangle reversal pattern and a breakout towards the lower yellow trendline would bolster to this scenario. Otherwise, we may see a “bull trap” pattern (false breakout) at the upper yellow trendline. Good luck.

[B]Gbp vs Jpy (1H)[/B] - Please be noted that the previous H and S pattern (white) was already invalid. Favourably, I’m looking forward for an opportunity towards a “double top” reversal pattern refering to the alt count in magenta. Otherwise, we may see another bullish continuation trend to complete subwave 5 in yellow.

[B]Gbp vs Usd (Daily)[/B] - Preferably, I’m looking forward for a bearish reversal trend to perform corrective wave b either in yellow or white. I believed market just performed a “bull trap” scenario.

[B]Eur vs Usd (4H)[/B] - I believed market just performed a"bull trap" scenario to complete either corrective wave a (magenta) or wave 4 (yellow or white). Therefore, I’m looking forward for a bearish reversal trend scenario later within this week.

[B]Aud vs Usd (Daily)[/B] - At this moment, I’m looking forward for a major bearish reversal trend scenario either refering to the alt count in white or magenta. Otherwise, please be careful for any bullish continuation trend scenario perhaps to complete corrective wave B in magenta (“Triple Top”). Good luck.

[B]Summary - I believed bullish trend in GbpJpy, GbpUsd, EurUsd and AudUsd was already exausted so therefore I’m looking towards a bearish opportunity later. [/B]

Favourably, I believed will perform a bearish reversal trend scenario either in magenta or white alt counts. A further bearish continuation trend scenario would bolster to the alt count in magenta scenario otherwise please be careful for any possible bounce scenario perhap to perform subcorrective wave b in white. Good luck.