GBP/JPY Technical Analysis

[Jebatfx]

At this moment, price make a breakout to the upper main teal triangle. Either this is a false or true breakout can only be determine later. Its better to wait until the real trend was unfold before deciding which entry is more preferable to take. Please look for any valid continuation or reversal signal later. Good lucks.

[Jebatfx]

At this moment, market in bullish continuation trend. I believed this trend will be exausted soon unless we see a true breakout to the bullish continuation line 1 & 2 later. However, please monitor all signals from BSTS to determine again later for any bullish continuation or bearish reversal signal. Please be patient and adviseable to wait until have a complete signal from BSTS before making any entry. Good luck.

[Jebatfx]

At this moment, I’m looking a signal for reversal or any continuation from BSTS. Unless there have a strong true breakout for continuation, otherwise we may see a reversal later (today or tomorrow). Please monitor all signal from BSTS and be extra carefull whenever you decide to make an entry. Good luck.

[Jebatfx]

At this moment, price already reached my TP2. Therefore I divided market into 3 main zones which is :-

1) Green Zones - Extension Zones (Bullish Continuation)
2) Teal Zones - Corrective Zones
3) Maroon Zones - Bearish Reversal Zones

Price already at the upper major trendline in daily. I believed the price will start to retrace to perform wave iv unless otherwise we see a true breakout later. Please study both counts and wait for a good signal from BSTS before making any entry. Good luck.

[Jebatfx]

At this moment price already made an extension wave iii. I believed market will start making a retracement for wave iv before another bullish continuation to complete wave v as long the retracement critical line stay intact. And for wave v & C (maybe next week), there is 2 scenario which is either wave v is truncated (white) or not (yellow). This can only be determine later. Please watch carefully the major bullish reversal critical line. If this line is taken, then the magenta/yellow count in my previous daily scenario chart (13/04/08 - Pre Market Overview Forecast Malaysia Forex Training Centre) will be invalid which is preferable to the white count. Otherwise we may see a new major downtrend starting later next week. Good luck.

[Jebatfx]

At this moment, price already reached my TP2. What a nice bullish continuation. I’m waiting for a retracement signal from BSTS. Unless we have another bullish continuation, I believed we shall a retracement phase later. Only make an entry if there is a complete retracement signal from BSTS. For time being, just enjoy the wave. Happy weekends and good luck.

[Jebatfx]

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview



Chart 1H - Unless we have a true breakout to the bullish continuation critical line 4, I believed market in retracement phase to complete wave 4 before another bullish continuation to complete wave 5 and C. If this happen, we shall see either wave 5 is truncated (yellow) or another impulsive trend to complete wave 5 (white). But if later the price break my retracement critical line, then I need to re-counts again.



Chart 4H - Basically I divided the charts into 4 zones :-
1) Green Zones - Bullish Continuation Zones
Refering to either a wave 3 extension or wave 5 bullish continuation (white).

2) Teal Zones - Retracement Zones
Refering to corrective phase to complete wave 4 as long the retacement critical line is not taken. Expected once wave 4 is establish, we shall see a bullish continuation to complete wave 5.

3) Maroon Zones - Bearish Reversal Bias
Only considered once the retracement critical line is taken.

4) Red Zones - Bearish Continuation (Reversal Confirmation)
Only considered once the bearish continuation critical line 1 is taken.

** Please take notes that wave 5 could be a truncated wave (yellow) or an impulsive wave (white).



Chart Daily - Please study all alt counts (yellow, white & cyan) and I can only determine which counts is more favourably later.

Summary :-

Preferable, market in retracement (corrective) phase to complete wave 4 before another bullish continuation to complete wave 5.

Wave 5 could be a truncated wave or impulsive wave.

Please looks for a wave 4 retracement signal and later a wave 5 bullish continuation signal from BSTS. Adviseable to wait for a complete triggered BSTS signal before making any entry. Good luck.

[Jebatfx]

Unless we have a true breakout to the bullish continuation line 4, I believed we shall see a retracement phase to complete wave 4 and later a bullish continuation to complete wave 5 for this week with condition the retracement critical line is not been taken. Please study all possible counts and my previous Pre-Market Overview post. Please wait a good signal from BSTS before making any new entry. Good luck for this week trading.

[gmos]

saya suka analisis awak,
so yang actual counting sekarang ni warna purple la kan?
putih & kuning tu alternate btul?

[Jebatfx]

Originally Posted by gmos

saya suka analisis awak,
so yang actual counting sekarang ni warna purple la kan?
putih & kuning tu alternate btul?

salam, purple itu adalah subwave dalam either major wave white or yellow count.

tq.