GBP/JPY Technical Analysis

[Jebatfx]

Until this moment, price already break the lower yellow trendline but bounce back from the major lower red trendline. I'm looking forward for a another downside movement (2nd attempt) and a true breakout would bolster either the alt count in yellow or magenta scenario. Otherwise please be carefull for any breakout to the 212.40 h-line. Good luck.

[Jebatfx]

I believed subwave 2 (cyan) is already completed and looking forward for a bearish continuation to complete subwave 3 (cyan). As long the price moving inside the downtrend channel trendline, this scenario is valid. Otherwise if the price make a breakout to the upper green trendline, this scenario would be in doubt. Please analyse all critical lines and good luck.

[benQ]

salam bang jebat. saya rasa GJ akan sideway sampai la ade sentimen yang betul2 kuat untuk gerakkan dia. Correction akan jadi lebih terok rasa nya. anyway i pilih counting hijau petronas

[Jebatfx]

Originally Posted by benQ

salam bang jebat. saya rasa GJ akan sideway sampai la ade sentimen yang betul2 kuat untuk gerakkan dia. Correction akan jadi lebih terok rasa nya. anyway i pilih counting hijau petronas

salam. yup most probably need to wait 2 more weeks before the real trend will be unfold. Good luck.



At the moment, market in hedging phase and still inside the downtrend channel. Its hard to determine which trend is more preferable right now. Also please be extra carefull regarding the ascending triangle pattern if valid and don't forget to protect your entry with SL. Please refer towards more bigger TF as your control trading strategy such as BSTS 2 Weekly. Good luck.

[Jebatfx]

At the moment, market in hedging phase and still inside the downtrend channel. Its hard to determine which trend is more preferable right now. Also please be extra carefull regarding the ascending triangle pattern if valid and don't forget to protect your entry with SL. Please refer towards more bigger TF as your control trading strategy such as BSTS 2 Weekly. Good luck.

[Jebatfx]

At this time, I'm looking forward for any breakout from the teal triangle corrective area and please noted that any breakout is possible. Therefore please look for any good entry setup signal from BSTS before making any entry. Have a nice weekends.

[Jebatfx]

I'm looking forward for a completion confirmation of subwave 2 (yellow) before expecting a bearish continuation trend later. But please be carefull for any possibility refering to the alt count in white. Looking for a breakout soon. Good luck.

p/s : extra tips - please analyse Eur/Jpy tf 4H

[Jebatfx]

Price still inside the teal rectangle zone. I believed subwave 2 (yellow) is already completed and looking forward for a downside movement to bolster the bearish continuation scenario to perform subwave 3 (yellow). A further breakout to the white critical line would enhance this point of view. Otherwise please be carefull for any upside movement. Good luck.

[Jebatfx]

I'm looking forward for a bearish continuation later to complete subwave 3 (yellow) before expecting any retracement to perform corrective subwave 4 (yellow). Please noted that alt count in white is already invalid. But please be careful for any upside movement. If the price bounce and break the bottom of subwave 1 (yellow), the bearish subwave count would be in doubt. Good luck.

p/s - just as reminder to "Sell Top, Buy Bottom"

[Jebatfx]

I'm looking forward for bearish continuation to complete major corective wave C (yellow or magenta). A further breakout to the bearish continuation critical line 2 and 3 would bolster this scenario. Otherwise please be careful for any upside movement and any true breakout to the white critical line. Good luck.