Gbp vs Jpy 1H, 4H & Daily Pre Market Overview
Chart 1H - I believed there will be a retracement soon to complete wave 4. Either there will be a wave 3 extension before the retracement, only can be determine later. Please study both counts and adviseable to wait for a bearish continuation for wave 5 from BSTS signal later as long the retracement critical line still intact.
Chart 4H - I believed market in wave B at the moment and please study both counts and all the possible “double bottom” areas (blue rectangle).
Chart Daily - I believed market in the making of wave b after completion of major bearish trend of wave 5 and C (yellow). Please study all major trendlines and both counts. Please look for a good signal for a bearish continuation and later a bullish reversal signal from BSTS 2 and BSTS 3 before making any entry.. Good luck.