GBP/JPY Technical Analysis

[Jebatfx]

At this moment, I'm looking forward for a bullish retracement or corrective phase a,b,c (cyan or white) either to complete subwave iv (yellow) or major wave 4 (white) before expecting for another bearish continuation. Otherwise this scenario would be invalid if there is a further true breakout to the bearish continuation line 8 (magenta count). Please confirm any entry from BSTS later. Good luck.

[Jebatfx]

At this moment, I believed market in bullish retracement either to complete subwave iv (yellow) or wave 4 (white) before expecting for another bearish continuation either to complete subwave v in yellow or wave 5 in white. Otherwise we may see a bearish continuation to complete an extension subwave iii in magenta. Good luck.

[Jebatfx]

I'm looking forward for a completion of corrective subwave iv (magenta or yellow) or corrective subwave c in 4 (white) before expecting for another bearish continuation either to complete subwave v and major wave 3 (magenta or yellow) or major wave 5 (white). Therefore, advisable to wait for a bearish continuation entry signal from BSTS later once the bullish retracement phase is completed. Happy weekends and good luck.

[Jebatfx]

At this moment, market already touched the upper yellow trendline. Either corrective abcde in subwave iv (magenta) is already completed and we shall see a bearish continuation to complete subwave v (magenta). A true breakout to the lower yellow trendline would bolster this scenario. Otherwise we may see another bullish retracement continuation to complete subwave iv in yellow or wave 4 in white. Good luck and have a nice weekends.

[Jebatfx]

I'm looking forward for a completion of subwave iv either in magenta or yellow. Advisable to wait for a bearish continuation entry signal later from BSTS for this week. Otherwise we may see an extension of corrective phase according to the alt count in white. Good luck.

[Jebatfx]

At this moment, price already made a breakout to the lower yellow trendline. If its a true breakout and subwave iv (magenta) is already completed, then we may see for another bearish continuation either to complete a truncated subwave v (magenta) or an impulsive subwave v (yellow). Otherwise we may see the price bounce back to complete the subwave iv in yellow or wave 4 in white. Good luck.

[Jebatfx]

At this moment, favourably wave iv is already completed and I'm looking forward for a bearish continuation to complete either a truncated subwave v (magenta) or an impulsive subwave v (yellow). Otherwise we may see another bullish retracement to complete corrective wave c and 4 in white. Good luck.

[Jebatfx]

At this moment, I'm looking forward for a completion of a truncated subwave iv (magenta) or a subwave 1 in wave v (yellow) before before expecting for a bullish retracement either to complete subwave 4 (magenta) or subwave 2 in v (yellow). Otherwise, there are also a pro****lity for a bullish reversal trend according to the alt count in white. Good luck.

[Jebatfx]

Until this moment, price still inside the corrective teal triangle. I'm looking forward for a true breakout either to the upper or lower teal triangle trendline to determine which alt count is more favourable. Although the major trend is bearish but there are possibility to see for another bullish retracement to complete the corrective wave 4. So please be extra careul. Good luck.

[Jebatfx]

Until this moment, I'm still waiting for a confirmation either refering to the further bullish retracement trend (magenta) or a further bearish continuation trend (yellow). Please be noted that there are possible a H & S pattern and a further true breakout to the neckline would bolster the bearish continuation scenario. Otherwise a true breakout to the upper green trendline would bolster the bullish retracement (magenta) or the bullish reversal scenario (white). Good luck.