Daily GBP/JPY analysis

Target is almost hit there.

BK

Previous updated forecast due to uploading problem at imageshack. Hereby I upload again the previous updated forecast together with recent forecast. Sorry for the inconvinience.
Yesterday 7.21 pm

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Until this moment, 202.60 still hold as a strong support and after a few attempt of test, it still stay intact. Therefore I came out with new case scenario which is represent of diagonal triangle corrective subwave of A B C D & E for completion of wave 4 (magenta/yellow). A triple top pattern would bolster this new scenario (if valid).

Please noted that this new scenario would be invalid if the price make a breakout to my retracement critical line and if this happen, maybe we shall see an alternate white count scenario. So please be carefull before making any entry. Please study BSTS TF 4H, Daily and Weekly chart before making any conclusion. Good luck.

http://img176.imageshack.us/img176/1929/gj1hcin9.gif

A breakout to my retracement critical point indicated that my previous alt count in yellow/magenta already became invalid and preferable for whitw count (please refer from previous chart). Therefore I need to do a recount as stated in the updated chart. Therefore please study this alternate scenario and look a signal from BSTS for a bearish retracement wave iv before another bullish continuation to complete wave v. Good luck.

http://img356.imageshack.us/img356/7586/gj1hbpv4.gif

At this moment, I divided market in 3 possible scenario's which is :

1) Count Yellow - retracement phase to complete wave iv before another bullish continuation to complete a truncated of wave v (wave iii is already completed).
2) Count Magenta - retracement phase to complete wave iv before another bullish continuation to complete an impulsive of wave v (wave iii is already completed).
3) Count White - expecting to see a bullish continuation to complete wave iii before a bearish retracement phase to complete wave iv later.

Therefore please study all this new scenario's including the new retracement critical line, and look for any good signal from BSTS for respectives scenario. Please make an analysis to the BSTS Daily and Weekly chart before making any entry.

Tips - look for any bullish continuation signal and later a bearish reversal signal from BSTS.

This move today?...for me just better to look for upside signal from indis

masta jebat,
good to see u in here also...

Good to see u also. Btw, I'm still a newbie. Happy trading.

http://i307.photobucket.com/albums/n...atfx/gj1hb.gif

At this moment, I believed market already in retracement phase to complete wave iv before another bullish continuation to complete wave v. Unless we see a breakout to the retracement critical line, preferably wave iv (yellow/white) already completed. Otherwise we may consider an alt count in magenta.

But according to the technical analysis at BSTS daily and weekly chart, it not showing a good signal for a strong bullish trend which therefore please be carefull for any "bullish trap" scenario. So, advisable to wait an entry for a bearish reversal trend instead of bullish continuation. And also, please consider that wave v maybe only a truncated wave. Good luck and happy weekends.

Due to the breakout of my previous retracement critical line, I have to recount the possible wave and came out as stated in the updated chart. I believed wave iv will be completed soon and preferably there will be a bullish continuation trend to complete wave v either a truncated or an impulsive wave.

Therefore, please look any good signal for a bullish continuation trend and later (favourably by next week) for a bearish reversal trend after completion of wave v. Happy weekends

But according to the technical analysis at BSTS daily and weekly chart, it not showing a good signal for a strong bullish trend which therefore please be carefull for any "bullish trap" scenario. So, advisable to wait an entry for a bearish reversal trend instead of bullish continuation. And also, please consider that wave v maybe only a truncated wave. Good luck and happy weekends.[/quote]

Thanks for the analysis, have a good weekend!

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

http://img155.imageshack.us/img155/9...08pmo1hpa2.gif

Chart 1H - At this moment, I believed wave iv already completed and looking forward for a bullish continuation to complete wave v. Please noted that there is 3 possible scenario for wave v later which is either :-

1) Yellow truncated - which ic wave v only perform a double top before another major bearish reversal trend.
2) Magenta truncated - which is wave v will be more shorter before anoher major bearish reversal trend.
3) White impulse - which is wave v will be an impulsive wave with condition there will be a true strong breakout to the bullish continuation critical line 1.
Advisable to look for a good bearish reversal signal later from BSTS.

http://img383.imageshack.us/img383/7...08pmo4hxe4.gif

Chart 4H - Please analyse all the alternate counts and my 3 divided zones which are :-

1) Green Rectangle Zone - bias to a bullish trend which is preferably for alt count in white.
2) Maroon Triangle Zone - bias to a bearish bias trend which is preferably once wave v is completed.
3) Red Rectangle Zone - bias to a strong bearish trend which is preferably market in determination to complete subwave c in aqua and wave B in yellow.

http://img383.imageshack.us/img383/1...modailyet0.gif

Chart Daily - Please noted that I did some changes for yellow wave count and as long the upper green major trendline stay as a strong resistance, preferably we shall see a major bearish trend later to complete subwave c (cyan) and wave b (yellow) or wave 5 and C in magenta. Otherwise if the trendline is taken and its a true breakout, then perhaps market is favourably to alt count in white. Look carefully for any breakout to my teal triangle zones.

Summary :

1) Looking forward for a bullish continuation trend to complete wave v.
2) Wave v could be a truncated wave (magenta or yellow) or an impulsive wave (white).
3) Please analyse all 3 possible counts and determine which one is more favourable by applying to it with your trading system (BSTS).
4) Advisable to standby for a major bearish reversal trend once wave v is completed.
Good luck.

Market is in very tight range now.204.05 should contain the upside move if retracement already completed.I hope so..

After almost reach my 100% FE in my previous chart,I would think there is POSSIBILITY of divergence.I think we have to becareful...

At this moment indicators show a mixed bias at different TF. I have highlighted in blue rectangle to determine wether there is possiblity for reversal or its just retracement to continue upward. RSI at 1H shows a downside/retracement bias while at 4H still shows an upward momentum.Please becareful as it is also possible for reversal. Please use Fibo calculation for your reference and check your preferable entry with your indicator depending on your trading TF. For me, if price still penetrating above 206.50, I' ll still looking for an upside signal.Gud luck!!

Hi guys. At this moment, price is in upward channel and above my MA line both at 4H and 1H TF. RSI at H1 shows a mixed bias while at 4H we still see an upward move. My indicator also shows upward bias in both TF. Nextweek maybe we could see an extension for this movement. However, please take into consideration also for possible reversal or major retracement. U can use Fibo point as ure retracement/expansion target/reference. For me, I just follow current trend while at the same time looking for possible reversal/major retracement. Gud luck!!


PS: In my wave count, i dun put the alternate count. Please do ure own or alternate count as my wave count also could be got changes if one the rules is break.TQ

http://www.dailyfx.com/story/special...814189581.html


is the above report correct?

my naive wave count...
PS: In my wave count, i dun put the alternate count. Please do ure own or alternate count as my wave count also could be got changes if one the rules is break.TQ

anyone else preview?...anyone...anyone..

Hi guys.Yesterday price choose to retrace/reverse as we have expected as possible movement.It also invalidate my wave count and due to that I believe it is A-B-C correction as according to my alternate count. At this moment technical indicators still show a strong downside bias but I expecting for a possible retracement before another move to downside.My indicators both on 4H and 1H/30M also shows bearish bias with possible continuation.Please use Fibo point as ure reference for possible target for retracement/continuation.For me, I'll looking for downside signal.

At this moment technical indicators show a possible downside bias.However, pls consider also for possible extension before another move t0 downside.Pls confirm ure entry from ure indicator first use fibo reference point as guide.Gud luck!!

Market flat this morning ahead of BOE/ECB rate decision.Signals is everywhere. Technical indicators also show mixed bias.For me i'll looking for possible downside signal as long as price penetrate below 207.Gud luck!!

Hi guys. At this moment indicators shows a mixed to downside bias.However we still have upward move in play.Either already complete, I cannot confirm yet.Technical indicators also show possible correction. However pls consider also for possible extension.Critical employment and earning data is coming out today. Pls make entry when got confirmation signal from indicators.For me I'll looking for downside signal from indicators.Use fibo retracement/expansion as ure reference point.Gud luck!!