GBP/JPY Technical Analysis

At this moment, I believe market in bullish continuation trend scenario either to complete corrective wave b (yellow or aqua) or motive wave 5 (white). A breakout toward the S3 critical line would bolster to the alt count in yellow bearish reversal trend scenario. Otherwise, we may see a bullish continuation trend scenario to complete subwave v in aqua or subwave iii in white. I hereby also would like to take this opportunity to wish a Happy Chinese New Year 4709, wish u and your family a year filled with prosperity, good health and happiness. Happy holiday and good luck.

Preferably, I believe market in progress to perform a “bull trap” scenario either to complete subwave v/b in aqua or yellow before expecting a bearish reversal trend scenario. Therefore, advisable to look for any good opportunity toward a bearish reversal entry signal from BSTS later. Otheriwise, please be careful for any potential toward a strong bullish continuation trend scenario in white. Good luck.

Favourably, I believe market in progress to perform a bearish reversal trend scenario either refering to the alt counts in yellow or aqua. Please be careful for any potential toward a bullish retracement trend scenario to perform subwave 2 later. Otherwise, we may see a horizontal triangle corrective pattern abcde in 4 refering to the alt count in white which would favour toward a potential bullish continuation trend scenario to complete major wave 5. Please be careful for NFP annoucement at 9.30pm tonight (GMT +8). Happy weekend and good luck.

At this moment, I’m looking forward for a potential bull trap scenario to complete subwave v/b in yellow before expecting toward a potential of bearish reversal trend scenario. Please be noted that market also have strong potential toward a another bullish continuation trend scenario to complete subwave 3 in 5 refering to the alt count in white. A valid “ascending triangle” bullish continuation pattern would bolster to this scenario. Good luck.

At this moment, please be noted that the previous alt count in aqua is already invalid. Favourably, I’m looking forward for a potential bearish reversal trend scenario refering to the alt count in yellow. A valid “bull trap” scenario and a breakout toward the S3 critical line would bolster to this scenario. Otherwise, we may see another bullish continuation trend scenario to perform the incomplete or major wave 5 in white. Good luck.

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Preferably, I believe market have a good potential to perform a bearish reversal trend scenario either refering to the alt counts in yellow or aqua. A pullback from the pivot critical line and follow by a breakout toward the S3 critical line would bolster to this scenario. Otherwise, please be careful for any breakout toward the yellow critical line. Good luck.

At this moment, a breakout to the pivot critical line and major lower red trendline is still yet remain to be seen to determine that market in favour toward the bearish reversal trend scenario. Otherwise, I believe market will perform a bulltrap scenario refering to the alt count in aqua. Good luck.

At this moment, I’m looking forward for a good potential bull trap scenario which is a typical false breakout behaviour in diagonal triangle pattern in aqua or yellow. A breakout to the pivot critical line and white critical line would bolster to this bearish reversal trend scenario. Otherwise, if market further going up then I believe market still in progress to complete subwave 3 in white. Happy weekend and good luck.

At this moment, I’m looking forward for a potential of bearish reversal trend scenario either to perform corrective wave a in yellow or aqua. A breakout to the white critical line would bolster to this scenario. Otherwise, I believe we may see another bullish continuation trend scenario to perform the incomplete of subwave 5 in white. Good luck.

I am short @ 134.2


At this moment, market still consolidated near the pivot critical area. Preferably, I’m looking for an opportunity toward a bearish reversal trend scenario either refering to the alt count in aqua or yellow. A pullback from the pivot critical line and follow by a breakout to the S3 critical line would bolster to this scenario. Otherwise, we may see another bullish continuation critical line to complete subwave 5 in white. I also would like to wish a Happy Maulidur Rasul to all muslims. Good luck.

Please be noted that due to the further uptrend breakout, the previous alt counts in yellow and aqua is already invalid. A bounce from the lower red channel and pivot critical line would indicate that market in favour to complete subwave 5 either in yellow or aqua. Otherwise, a breakout to the pivot and S3 critical line would favour to the bearish reversal trend scenario to complete corrective wave a. Good luck.

At this moment, I believe the bearish reversal trend scenario have a very good potential which is in favour to perform corrective wave a either refering to the alt counts in white (HnS) or aqua. A valid sub-rising wedge and a breakout toward the lower red trendline would bolster to this scenario. Otherwise, please be careful for another bounce scenario to perform a bull trap of subwave 5 in yellow. Good luck.

I’ve only just found this today but writing to congratulate you for an excellent thread. I will be reading this with interest from now on.

welcome to babypips. Happy trading.

At this moment, market still in sideway pattern near there pivot critical line area. A breakout either toward the yellow critical line or aqua/white 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 potential further bearish continuation trend scenario to complete corrective wave a either in white or aqua. Happy weekend and good luck.

Preferably, I’m looking forward for a further bearish continuation trend scenario either to perform corrective wave a in white or aqua. A breakout to the pivot and yellow critical line would bolster to this scenario. Otherwise, we may see another bullish coPlease welcome to view the technical charts analysis here : ntinuation trend scenario to complete a bull trap of wave 5 in yellow. Good luck.

At this moment, I’m expecting market to start a bearish reversal trend scenario to complete corrective wave a either refering to the alt counts in white or aqua. I believe market will perform a breakout toward the pivot and yellow critical line respectively. Please be careful for any potential bounce scenario from the major lower red trendline and S3 critical line. Good luck.

At this moment, market already at the major lower red trendline. Please be noted that market have a potential to perform a bullish continuation trend scenario either to perform corrective b in white or yellow. Otherwise, we shall see another bearish continuation trend scenario perhap to complete corrective wave a in aqua. Good luck.

Preferably, I believed market in progress to perform a bearish reversal trend scenario either refering to the alt counts in white or aqua. A true breakout toward the bearish continuation critical line 1 would bolster to this scenario. Please be careful for any potential toward a bullish trend scenario either to perform subwave 2 in white or the incomplete of corrective wave b in yellow. Good luck.


At this moment, I believe market in progress to perform a bull retracement trend scenario either to complete wave 4 in white or subwave a in yellow. A pullback from the fibo 50% or 61.8% would bolster to either a bearish continuation trend scenario either to complete wave 5 in white or subcorrective wave b in yellow. Otherwise, please be careful for any potential toward the aqua alt count scenario. Good luck.