GBP/JPY Technical Analysis

[Jebatfx]

Until this moment, I'm looking forward for a confirmation of completion subwave ii (yellow) later today. Price already reached the end of the teal triangle and have to breakout either to the lower or upper trendlines. Please watch closely all important trendlines and critical lines to assist you in determine which alt counts is valid or invalid later. Advisable to wait for a good entry signal from BSTS later before making any entry. Market may in stagnant phase until NFP announcement tomorrow night (8.15pm GMT +8). Good luck.

[Jebatfx]

Please be noted that if refering to the alt count in yellow, I believed subwave ii is already completed and looking forward for a bearish continuation trend later. But please be careful if the price make a further upside movement and break the yellow critical line, this scenario would be invalid. So please analyse also the alt count in magenta and white. Good luck.

[Jebatfx]

I'm looking forward for a further downside if wave iii (yellow) really in progress. But if the "triple bottom" scenario is valid, then we shall see the price will bounce again. Also please be extra careful today since tonight (8.15pm GMT +8), there will be an NFP announcement. Preferably, I'm looking for a further downside movement during the NFP news. Good luck.

[gmos]

alhamdulillah, rezeki petang jumaat..
dua post profit dah tutup..

ada dua lagi ni..budget nak tutup satu dulu..satu lagi nak biar follow trend, tu pun kalau NFP mlm ni in-trend.. kalau tak ikut kene tutup gak la

[Jebatfx]

I'm looking forwards for a bearish continuation later next week to complete subwave iii in yellow. Please be noted that if the price break the white critical line, both alt counts in white and magenta will be invalid. Othwerwise the price may start to bounce according to the alt counts in white or magenta. Happy weekends and good luck.

[Jebatfx]

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



Chart 1H - I'm looking forward for a bearish continuation to complete subwave iii in yellow. But please be careful for any possibility of the alt count in magenta or white. Advisable to wait for another very good bearish entry signal from BSTS later before making any entry.



Chart 4H - Preferably, I'm looking for further downside trend but please be extra careful if the "double bottom" pattern scenario is valid. And if the price bounce and break the yellow critical line, the bearish continuation scenario would be invalid. Otherwise, a breakout to the lower red trendline would bolster the bearish continuation scenario.



Chart Daily - Please watch closely the upper green trendline and the red lower trendline to confirm which trend is more preferable. I believed market in bearish reversal trend and a true breakout to the lower red trendline would bolster this scenario. But a breakout to the upper green trendline would put this bearish reversal scenario in major doubt.

Summary :

1) Preferably, I'm looking for a further bearish continuation trend to complete subwave iii in yellow. A breakout to the white critical line would bolster this scenario. Please analyse BSTS 2 & 3 TF Daily and Weekly for any valid signal.

2) But please be careful if the "double bottom" pattern scenario is valid. A breakout to the yellow critical line would favour to the alt counts refering either to the magenta count or white count.

Good luck.

[nik]

wow..boleh tahan indicator ini..tak boleh kongsi ker indicator tu jebatfx..huhuhu..

[Jebatfx]

At this moment I'm looking for a bearish continuation to perform subwave iii in yellow. A true breakout to the lower red trendline (teal triangle) would bolster this scenario. Otherwise if the price break the yellow critical line then this alt count (yellow) would be invalid and market would favour to the alt count either in magenta or white. Advisable to look for any bearish continuation signal from BSTS later if the bearish continuation scenario (yellow or magenta) still valid. Good luck.

[Jebatfx]

Until this moment, the lower red trendline still stand as a strong support line and I'm looking forward for a breakout to the downside direction. I believed we shall see a bearish continuation soon and please be careful for any valid of "double bottom" pattern. A breakout to the white critical line would bolster this scenario. Good luck.

[Jebatfx]

At this moment, I'm looking forward for a downside movement either to complete subwave b (magenta or white) or subwave v (yellow). Please watch closely the teal triangle for any breakout later. Good luck.