GBP/JPY Technical Analysis

[Jebatfx]

At this moment, price still in bearish continuation trend and due to that, the alt count in magenta and yellow in critical stages. Preferably, advisable to wait for a good bullish reversal entry signal later once subwave v (magenta) or wave 5 (white) is completed. Please be extra careful for a "bearish trap" scenario. Otherwise market will continue further downside referring to the alt cont in yellow. Good luck and wish to all muslim a happy Ramadan.

[Jebatfx]

At this moment, I'm looking forward for completion of subwave 3 (magenta/yellow) before expecting a bullish retracement to complete subwave 4. Please be noted also, that further later subwave 5 could be an impulsive wave or only a truncated wave. Otherwise we may see market in bullish reversal trend referring to the alt count in white. Preferably, I'm only looking for an opportunity for either a bullish retracement or reversal entry signal from BSTS later (once wave iii or wave v/5 is completed). Good luck.

[Jebatfx]

At this moment, I'm looking forward for either a bullish retracement to complete subwave 4(magenta or yellow) or bullish reversal to complete corrective wave a (white). But please be careful for any bearish continuation for subwave 3 or wave 5 extension. especially a breakout towards the major bearish continuation critical line 2. Please confirm from BSTS. Good luck.

[Jebatfx]

Due to an extension of subwave 3, I have to do a wave recounts and therefore please analyse all latest possible alt counts available. Preferably, I'm still looking forward for a possibility of bullish retracement (magenta or white) later to complete subwave 4. Othwerwise we may see a further bearish continuation for another extension referring to alt count in yellow.. Please be noted that subwave 5 later could be an impulsive wave (yellow) or only a truncated wave (magenta or white). So please be extra careful. Good luck.

[Jebatfx]

Until this moment, market still in strong bearish trend to complete an extension of subwave 3. I'm still looking forward possibility for a good bullish retracement to complete subwave 4 (magenta or white) trend later once subwave 3 is completed. Also, please be extra careful for tomorrow NFP announcement for any bearish continuation or a bullish retracement. Good luck.

[Jebatfx]

At this moment, I'm looking forward for a completion of major wave 5 before expecting for a major corrective a, b and c. Please be noted that wave 5 have 3 possible scenarios which is :

1) Truncated wave 5 (white)
2) Truncated wave 5 - triple bottom (magenta)
3) An Impulsive wave 5 (yellow)

Therefore please look for any good bullish reversal signal from BSTS later once wave 5 (white or magenta or yellow) is completed. Good luck.

[Jebatfx]

At this moment market in progress to perform major wave 5 either referring to the alt counts in white (truncated), magenta (truncated) or yellow (impulsive). Please study all possibe alt counts and determine what is your next trading strategy. Advisable to look for a good bullish reversal entry signal to perform major corrective a,b and c from BSTS later once major wave 5 (white or magenta or yellow) is completed. Please be extra careful, since got a good possibility also market to perform a bullish retracement to perform subwave ii in yellow before another bearish continuation to complete subwave iii in 5 (yellow). Good luck.

[Jebatfx]

Until this moment, market still inside the teal triangle and I'm looking forward for any breakout to determine which alt counts is more preferable. Favourably, I'm looking for an upside trend either to complete corrective wave a in white (bullish reveral) or subwave ii in yellow (bullish retracement. A valid inverted "H & S" would bolster for an upside trend either to complete wave a (white) or subwave ii (yellow). Therefore please be careful and watch closely for any true breakout either to the lower red trendline or to the proposed neckline. Good luck.

[Jebatfx]

Preferably, I'm looking forward for completion a truncated major wave 5 either referring to the alt count in white or magenta before expecting a bullish reversal trend to perform corrective wave a,b and c. Otherwise we may see another bearish continuation according to the alt count in yellow. Please look for any good reversal entry signal from BSTS later. Good luck.

[Jebatfx]

At this moment, I'm still waiting for a true breakout either to the upper or lower teal triangle trendline before I can determine which alt count is more favourable. Overall, I'm looking for an opportunity for a bullish reversal trend once wave 5 is completed. But please be extra careful for a bearish continuation scenario referring to the alt count in yellow. Good luck.