GBP/JPY Technical Analysis

[Jebatfx]

Until now, market in bearish continuation (subwave wave iii extension). Either there will be another bearish continuation or market will start a retracement to perform a subwave iv, I can only determine later. Please study all alternate counts and focus on BSTS 3 for any signal later. Make sure to wait a confirmation from BSTS 2 later before making any entry. Good luck.

[Jebatfx]

I believed market in retracement phase to complete subwave iv. Unless the price make a breakout to the retracement critical line in cyan, preferable there will be another bearish continuation to complete subwave v. Please look for a bearish continuation signal after completion of subwave iv and later a bullish reversal signal preferably to perform wave b after completion of subwave v from BSTS later. Good luck.

[Jebatfx]

At this moment, price inside my small teal corrective triangle. I believed price in progress to perform subwave c and wave iv later today. Otherwise we may see a price progress following the white count. Please make an analysis to all possible alternate counts (yellow, magenta & white) and fills in your checklist before deciding which preferable entry to take later. Good luck.

[Jebatfx]

At this moment, price already break my upper green trendline. I believed market in progress to complete subwave iv. Expecting there will be another bearish continuation later to complete subwave v and a (if yellow count is valid) once subwave iv is completed with condition the cyan retracement critical line still intact. But please study alternate count in magenta and white. Please look for any bearish continuation signal from BSTS later. Good luck.

[Jebatfx]

At this moment price already break my retracement critical line. Therefore, favourably the cyan downtrend subwave is considered to be completed. So we have 2 possibility wave count which is in yellow or white. Please be extra carefull for next possible market trend. Good luck.

[Jebatfx]

Unless the bullish continuation line 2 & 3 is taken, I believed market in wave b (yellow) and expecting to see another major bearish trend later this week. Otherwise we may see a strong bullish continuation according to white count. Advisable to look for an entry signal from BSTS 3 but make sure to wait for an entry confirmation from BSTS 2. Good luck.

[Jebatfx]

Please analyze all 3 possible counts. Preferably, as long the bullish continuation line 2 & 3 still intact, I believed there will be another bearish trend later. A completion of subwave a b c in cyan would bolster this scenario. Otherwse we may see another bullish continuation trend later. Therefore, please look for a bearish trend signal or another bulish continuation signal later from BSTS.

[Jebatfx]

At the moment, price already touch the lower trendline. Either there will be a bearish continuation, I can only determine later. Please study both alternate counts which is the downtrend subwave counts in cyan and the white count. As long the bearish critical line still intact, I believed there will be a major bearish trend later. Otherwise, we may see a bullish trend later according to the a, b & c in white count. Preferable to wait for a bearish continuation signal later from BSTS as long the scenario still valid. Good luck.

[Jebatfx]

Since the price already break my previous chart bearish critical line, therefore I need to recount the wave. Please study all alternate counts, and looks from BSTS, which trend is more preferable. Please be more extra carefull since today got a “Nonfarm Employment Change”. Good luck.

[Jebatfx]

Until this moment, my bullish continuation line 3 still a strong resistance and price just bounce back performed a “double top”. If the double top is valid, expected to see a bearish trend next week. Otherwise we may see a bullish continuation. Happy weekends.