GBP/JPY Technical Analysis

[Jebatfx]

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.

[Jebatfx]

At this moment price stay inside the teal triangle. I’m waiting for a breaout either to the upper triangle or to the lower trendline. A breaout to the upper triangle will favourable for a retracement wave 4 to complete as long the retracement critical line still intact. Otherwise, a breakout to the lower triangle will favour for a bearish continuation. Please study all the critical lines and adviseable wait for a bearish continuation signal to complete wave 5 from BSTS later with condition wave 4 is valid (completed) and the retracement critical line still intact. Please do an analysis for BSTS tf Daily and Weekly. Good luck.

[Jebatfx]

At this moment, market have 2 possible counts. Preferable for bullish retracement as long previous bottom 198.07 and retracement critical line has not been taken. Please study the signal from BSTS 3 tf 4H at the moment. And monitor signal from BSTS 2 tf 1H & 4H respectively. Good luck.

[Jebatfx]

At this moment, I believed wave 5 already established and retracement scenario already become invalid. Preferable, expecting there will be a bullish reversal trend later as long the “double bottom” stay valid. Please study the white count and BSTS 3 tf 1H and 4H. A breakout to the upper green trendline and later to the retracement critical line would bolster this scenario. Good luck.

[Jebatfx]

At this moment, price already retrace back either to complete wave b (white) or wave a (yellow). as long the previous bottom (198.07) still intact, a bullish reversal count (white) would still valid. Otherwise we may see a price movement in yellow count. Please look from BSTS for any good entry signal. Good luck.

[Jebatfx]

At this moment, price still in retracement phase and favourablely price will continue to downwards until lower red trendline. Either price will further downwards to perform a “triple bottom” or breakout !!, can only be determine later. Anyway after all, please study both counts and just monitor any good entry signal from BSTS before making any entry. Good luck.

[Jebatfx]

At the moment, price moving inside my teal correction triangle. I’m waiting for any true breakout either to the upper or lower teal triangle trendline before I can confirm which counts is more preferable. But I believed the price will go to the downwards direction either to :-

1) complete wave b (white) and c (cyan) before another bullish continuation
2) establish a triple bottom before another bullish continuation
3) bearish continuation to complete wave c (yellow)

Please look for any good signal from BSTS 2 and 3 before making any entry. Good luck

[Jebatfx]

At this moment, price already bounce back after touching the lower red trendline. Either there will be a 2nd attempt to break to the trendline to perform a triple bottom (c in cyan) or a further downwards to complete wave c (yellow) can only be determine soon. Otherwise we may see a bullish trend to complete wave c (white). Good luck.

[Jebatfx]

I’m looking for a new trend confirmation signal today. Please study all counts carefully and wait for a good signal from BSTS for such preferable count before making any entry. Good luck.

[rezekiforex]

salam master jebat, kat sni pon leh jumpe.. hehehe