GBP/JPY Technical Analysis

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[B]Gbp vs Jpy (1H)[/B] - At this moment, a breakout either to the aqua or white/yellow critical line is necessary to determine which alt counts that is in favour. Preferably, I’m looking forward for a further potential of bullish retracement trend scenario.

[B]Gbp vs Usd (4H)[/B] - At this moment, a breakout toward the aqua/white critical line would favour to a potential of bearish reversal trend scenario to perform subwave iii either in yellow or magenta. Otherwise, market may break the upper green trendline to perform the incomplete of either corrective wave b in white or motive wave 5 in magenta. Good luck.

At this moment, market already performed a strong bullish trend. Either the bullish trend was refering to a reversal or only a retracement is still remain to be seen. A breakout toward the white critical line would favour to the alt counts either in yellow or aqua. Otherwise, we may see another bullish continuation trend scenario to complete motive wave 5 in white. Good luck.

It is at critical levels now trying to break through 82.20, which should be difficult, GU (GBP/USD) has been driving guppy (GBP/JPY) all week. LT term guppy is heading back up. 130.00 BEFORE 125.00.

IF UJ cannot get out of the dirt GU can only carry guppy so high right now. Expect fat resistance @ 130.00 an d 130.30.

Guppy is headed to 128.50 where it is likely to bounce off and head back down into 100% @ 127.60 and guppy faces stiff resistance at 127.40 and 127.00, so it is a tight range until UJ can get out of its rangebound bind that it is in.

I believe market already in bullish reversal trend scenario either refering to the alt counts in white, yellow or aqua. At this moment, please be extra careful since market have a potential to perform either a bearish reversal trend scenario in white or only a bearish retracement trend scenario in yellow. Good luck.

[B]Gbp vs Jpy (1H)[/B] - At this moment, I’m looking forward for a potential bullish continuation trend scenario refering to the alt count in aqua. Otherwise, please be careful for any breakout toward the pivot critical line either to perform subcorrective wave c/4 in yellow or corrective wave c in white.

[B]Gbp vs Usd (4H)[/B] - At this moment, I’m looking forward for a potential bearish reversal trend scenario refering to the alt count in yellow. A strong breakout toward the aqua/white critical line would bolster to this scenario. Otherwise, we may see another bullish continuation trend scenario to perform either the incomplete of corrective wave b in white or motive wave 5 in aqua. Good luck and happy weekend.

At this moment, I believe market more in favour toward either a bearish reversal trend scenario in white or a bearish retracement trend scenario in yellow. A valid diagonal triangle pattern would bolster to this scenario. Otherwise, we may see a “bull trap” pattern or another strong bullish continuation pattern to complete subwave v in aqua. Good luck.

At this moment, market just consolidated between the S3 and R3 critical line. A breakout is important to determine which alt count that is in favour. Preferably, I’m looking forward for a potential further bullish continuation trend scenario either refering to the alt count in yellow or aqua. Otherwise, we may see a bearish reversal trend scenario in white. Good luck.

At this moment, I believe market in progress to complete major wave 5 either refering to the alt counts in aqua, white or yellow. Therefore, advisable to look for a potential toward a bearish reversal trend scenario later to perform corrective wave a,b and c. Good luck.

At this moment, I’m looking forward for either a bearish retracement trend scenario to perform subwave iv (aqua or yellow) or a bearish reversal trend scenario to perform subcorrective wave a in white. Please be noted that market have potential to perform a bullish continuation trend scenario either to complete subwave v in aqua (diagonal triangle pattern) or subwave v in yellow before expecting for a reversal. Good luck.

At this moment, I believe market have a strong potential to perform a bearish reversal trend refering to the alt count in aqua. A valid “diagonal triangle” pattern and follow by a breakout toward the lower aqua trendline would bolster to this scenario. Otherwise, we may see a bull trap scenario perhap to perform the incomplete of wave 5 in white. Happy weekend and good luck.

At this moment, I believe the bullish trend will end soon and market just completed the “bull trap” pattern either refering to the alt counts in aqua or white. A breakout to the pivot critical line and lower white trendline would bolster to this scenario. Otherwise, the exausted bull market may going up to complete the unfinish of wave 5 in yellow. Good luck.

At this moment, I’m looking forward for a potential bearish reversal trend scenario either to complete subcorrective wave a in aqua or corrective wave a in white. A breakout toward the pivot critical line would bolster to this scenario. Otherwise, I believe market may perform a bull trap scenario to complete wave 5 in yellow. Good luck.

At this moment, please be noted that the previous alt counts in aqua and white is already invalid. Preferably, I believe market just performed a “bull trap” scenario either to complete major wave 5 (yellow or aqua) or major wave 3 in white. Therefore, I’m expecting market to perform a bearish trend either a reversal (aqua or yellow) or only a retracement (white). A breakout to the pivot critical line would bolster to this scenario. Please be careful for another bullish trend either to complete subcorrective wave b in aqua/yellow or major wave 5 in white. Good luck.

At this moment, I believe market in progress to complete either subcorrective wave a in aqua or yellow; OR motive wave 4 in white. Please be noted that I’m expecting market to perform a bullish continuation trend scenario either to complete subcorrective wave b or motive wave 5 in white. A potential “Head and Shoulder” pattern would bolster to the bearish reversal trend scenario either in aqua or yellow. Good luck.

At this moment, market already performed a strong bullish continuation trend scenario. Preferably, I believe market in progress to complete subcorrective wave b either in aqua or yellow before expecting for a bearish reversal trend scenario to complete subcorrective wave c. A pullback from the R3 critical line and follow by a breakout toward the pivot critical line would bolster to the alt count in aqua scenario. Otherwise, please bear in mind that we may see a “bull trap” scenario to complete a “double top” of subcorrective wave b in yellow or further bullish continuation trend scenario to perform the incomplete of major wave 5 in white. Happy weekend and good luck.

At this moment, a significant breakout is still yet remain to be seen to determine which alt count that is in favour. Preferably, I’m looking forward for a potential strong breakout toward the major red lower trendline and pivot critical line to bolster the bearish reversal trend scenario in aqua. Otherwise, please be careful for any bounce scenario later. Good luck.

At this moment, I believe market already in bearish reversal trend scenario. But please be noted that I’m expecting market will perform a bullish retracement trend scenario to complete subwave iv in yellow with condition subwave iii is already completed. Otherwise, we may see another bearish continuation trend scenario to complete an extension of subwave iii in aqua before any potential bullish retracement trend scenario. Good luck.

At this moment, I believe market in progress to complete subwave iv either refering to the alt counts in yellow or aqua. Therefore, I’m looking forward for a potential bearish continuation trend scenario to complete subwave v in C later. A pullback and follow by a breakout toward the pivot critical line would bolster to this scenario. Otherwise, this scenario would invalid if market further break the aqua/yellow critical line. Good luck.

Please be noted that the previous alt counts in aqua and yellow is already invalid. At this moment, I believe market in progress either to complete subwave iv in yellow or subwave ii in aqua or subwave i in white. Therefore, I’m expecting market will later perform another bullish continuation trend scenario to complete the respective alt counts wave. Happy weekend and good luck.