GBP/JPY Technical Analysis

[Jebatfx]

I believed wave b is already completed and looking forward for a major bearish corrective trend to perform wave c. Please do mind to yourself that wave c consist of subwave 1, 2, 3, 4 & 5. Therefore, I'm looking forward for the making of subwave 1 and 2 today and probably we shall see subwave 3 later tomorrow or next week. Also, please noted that this scenario is invalid if there is a true breakout to the bullish continuation line 1. Please wait for a good bearish continuation signal from BSTS later before making any entry. Good luck.

[Jebatfx]

At this moment, price just performed a double top and I believed wave b extension already completed and looking forward for a bearish reversal trend refering to wave c (white/magenta/yellow). I believed its only a false breakout or a bull trap scenario. But only God's know what will happen next. Have a nice day.

[hanep]

JebatFx. sorry if I asked. where can i get this template?

[Jebatfx]

Originally Posted by hanep

JebatFx. sorry if I asked. where can i get this template?

salam, sorry to inform also that eveything in the chart is manually draw.



Due to the breakout to my bullish continuation line 1 yesterday, I have to come out with a bullish alt count in white. Preferably, I'm still bias towards bearish corrective trend to alt count in magenta or yellow. And I believed yesterday breakout is only a false breakout or a bullish trap scenario. Please refer to BSTS 2+3 tf 4H and Daily. Happy weekends.

[Jebatfx]

I believed market in bearish reversal trend either refering to alt count in yellow or magenta. Otherwise, we may see a bullish continuation again according to the alt count in white. Preferably, market either in the making of subwave i (yellow) or a (magenta). Therefore please trailing your entry by moving your SL and later find a close signal from BSTS. Happy weekends.

[Jebatfx]

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



Chart 1H - Preferably, I believed market already in bearish reversal trend either to complete subwave i (yellow) or subwave a (magenta). A further downside movement would bolster this scenario. Otherwise, market maybe in retracement phase before another bullish continuation to complete wave 5 (white).



Chart 4H - I'm looking further a downside movement before the price going upward again for a retracement to complete either the subwave ii (yellow) or wave b (magenta). Please analyse BSTS 3 and BSTS 2 in 4H chart for further bearish continuation trend at the moment.



Chart Daily - Market either still in bullish reversal (continuation) to complete wave C (yellow) or the establishment of wave 4 (magenta) before another major bearish trend to complete wave 5 (magenta). Please analyse BSTS 2 in Daily to decide which trend is more favourable.

Summary :

1) Preferably market in bearish reversal trend to complete the major corrective phase either according to the alt count in yellow or magenta.

2) Please be carefull to the alt count in white.

Good luck.

[Jebatfx]

Please analyse all alt counts and monitor from BSTS which count is more preferable. I'm looking forward for a bearish reversal trend to complete major corrective a, b and c within this week either refering to the alt count in yellow or magenta. A further downside breakout would bolster this scenario. Expecting later, the price will bounce going upwards to complete subwave ii (yellow) or wave b (magenta) before we could see a major downside movement later. But don't forget the possibility of the alt count in white. Have a nice day.

[Jebatfx]

Due to the breakout to my magenta horizontal line, preferably the alt count in white considered as invalid. Therefore I'm looking forward market to perform a bearish reversal trend either refering to the alt count in yellow or magenta. Favourably, looking forward for a completion of either subwave i (yellow) or wave b (mangeta) soon before expecting to see a bullish retracement trend either to complete subwave ii (yellow) or wave b (magenta). Please bear in mind that both scenario would be in major doubt if the price make a true breakout at 213.28. Good luck.

[Jebatfx]

I believed subwave i (yellow) or wave a (magenta) is already completed and looking forward for a completion of subwave ii (yellow) or wave b (magenta) before we could see a possible further bearish continuation to complete subwave iii (yellow) or wave c (magenta). This scenario would considered valid if 213.28 still intact (true breakout). Preferably expecting for a bearish continuation trend later to complete wave c (yellow or magenta). Therefore, please look for a short entry from BSTS later. Good luck.

p/s : yesterday b was refering to a, technically typing error, sorry.

[Jebatfx]

At this moment, price moving inside the teal triangle. Its look like market will again perform a corrective subwave abcde (cyan) before possibility a breakout to the lower major trendline for a bearish continuation to complete wave c (yellow or magenta). Please be carefull for any breakout to the upper teal triangle. Good luck.