Gbp vs Jpy 1H, 4H & Daily Pre-Market Overview
Chart 1H - At this moment, I'm still waiting for a breakout to the upper teal triangle trendline for a retracement continuation scenario. Otherwise if the price break my bullish critical line 1, a bearish continuation scenario is more favourable to happen. Please wait for a complete signal from BSTS before making any entry. Preferable - magenta count once the price break the upper teal triangle trendline.
Chart 4H - A breakout to the upper teal triangle trendline and then later to the retracement continuation line would bolster the alt wave count 3 to perform a wave iv in magenta. Otherwise a breakout to the lower red trendline will favour for a bearish continuation trend.
Chart Daily - Watch closely the lower red trendline. As long the price stay inside the green triangle zones, a retracement continuation scenario to perform wave 4 (magenta) would still be valid. Otherwise if the price break the lower red trendline and enter the red triangle zones, this scenario would be invalid and a bearish continuation would take place. Good lucks.