GBP/JPY Technical Analysis

[Jebatfx]

Due to the breakout to my upper teal triangle, preferably alt count in yellow become invalid. Please noted that I make a new recount refering to the alt count in white. Please be extra carefull since market is getting more complex. Favourably, I'm bias towards the alt count in magenta but anything is possible in forex. So good luck.

[Jebatfx]

Please be carefull for any breakout today. Preferably, I'm looking for a bearish entry signal today refering to alt count in magenta. But make sure to put a tight SL if you do so later. I'm still bias towards bearish trend due to a possible valid diagonal triangle pattern in TF 4H and Daily. But do always remember, in forex anything is possible. So good luck and may everybody have a nice weekends.

[Jebatfx]

I believed market just made a false breakout and looking forward to see a bearish trend later refering to alt count in magenta or yellow. If this scenario valid, I'm looking for a possible subwave i ii iii iv and v in C (magenta/yellow) for bearish subwave sequences to be perform later. Otherwise we may see a bullish continuation refering to alt count in white later. Good luck.

[Jebatfx]

I'm looking forward for a bearish continuation later today. Please study both alt counts in magenta and yellow for this scenario. A further breakout to the bearish reversal bias line would bolster this scenario. Otherwise, please be carefull for any bullish possibility refering to the alt count in white. Have a nice weeekend and good luck.

[Jebatfx]

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



Chart 1H - Please analyse all possible alt counts and try to determine which one is more favourable according to your trading system. Preferably, I'm looking forward for a bearish continuation trend later next week. Therefore, please look for any good entry signal from BSTS later. Good luck.



Chart 4H - I hope the diagonal triangle pattern is valid for indication of a bearish reversal trend and a breakout to the bearish reversal bias line would bolester this scenario. Anyway please be carefull to the possibility of the alt count in white.



Chart Daily - Price already inside my maroon rectangles zones which is preferable for a bearish reversal trend in magenta. In daily, we can see more clearly the diagonal triangle pattern refering to the yellow trendlines. If this pattern stay valid, then I strongly believed we shall see a major bearish trend later starting next week. Anyway, please be extra carefull for alt count C in yellow.

Summary :

1) Preferably looking forward for a bearish continuation trend for next week.

2) Please analyse all bearish bias alt counts either refering to magenta or yellow or white.

3) A breakout to the bearish reversal bias line would bolster the bearish continuation scenario. Otherwise this scenario would be invalid if there is a true breakout to the bullish continuation critical line 2.

Good luck.

[Jebatfx]

I'm looking forward for a bearish continuation trend later within this week to complete major corrective wave C (magenta/yellow/white). Therefore please look for any good entry signal from BSTS later. This scenario would still valid as long the bullish continuation line 2 still intact. A further breakout to the bearish continuation line 1 would bolster this point of view. Happy trading.

[Jebatfx]

I'm looking forward for a bearish continuation to complete subwave iii before expecting any retracement to complete subwave iv in wave 3 (magenta). As long the critical line for magenta still intact, this scenario would still valid. Also please noted that the alt counts in yellow and white is already invalid. Overall, just don't forget to monitor your SL since anything is possible to happen. Good luck.

[Jebatfx]

Please noted that I have to recount the waves due to the current market scenario. Please study the latest possible alt counts and try to determine from BSTS, which one is more preferable. I'm still looking forward for a bearish continuation trend later within this week but please be carefull for any possibility refering to the alt count in white. Please analyse BSTS 2 & 3 Weekly as your long term control strategy. Good luck.

[Jebatfx]

Looking forward for any breakout either to the upper or lower teal triangle trendline before I can confirm which count is more preferable. I'm still bias towards a bearish continuation trend within this few weeks but anything can happen. So please be carefull before making any entry. Good luck.

[Jebatfx]

At this moment, price still moving inside the teal triangle. I'm looking forward for a symmetrical triangle pattern abcde (cyan) which is synonym to a bearish continuation corrective pattern to be perform later today. Please noted that there will be a NFP announcement later tomorrow at 8.30 pm (GMT 8+). A further breakout to the lower teal triangle and bearish continuation line 2 would bolster the bearish continuation scenario. Otherwise a true breakout to the upper major green trendlines would put this scenario in critical moment. Good luck.