Daily GBP/JPY analysis | Page 724 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

GBP/JPY, GBP/USD, and EUR/USD (technical analysis) 3,084 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily GBP/JPY analysis
Exit Attachments

Daily GBP/JPY analysis

  • #14,461
  • Jun 18, 2008 9:34pm Jun 18, 2008 9:34pm
I'm looking forward for a completion of wave b eiher a flat corrective (white) or an expanded flat corrective (magenta or yellow) today before later possible a major bearish corrective of wave c. Please noted that this scenario would only valid if the bullish continuation 1 still intact. A true breakout to the bearish reversal bias line would bolster the bearish reversal point of view. Therefore please monitor a bearish continuation signal from BSTS later. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 44 KB
  • #14,462
  • Jun 19, 2008 6:31am Jun 19, 2008 6:31am
I believed wave b is already completed and looking forward for a major bearish corrective trend to perform wave c. Please do mind to yourself that wave c consist of subwave 1, 2, 3, 4 & 5. Therefore, I'm looking forward for the making of subwave 1 and 2 today and probably we shall see subwave 3 later tomorrow or next week. Also, please noted that this scenario is invalid if there is a true breakout to the bullish continuation line 1. Please wait for a good bearish continuation signal from BSTS later before making any entry. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 44 KB
  • #14,463
  • Jun 19, 2008 10:09am Jun 19, 2008 10:09am
213...are we there yet?..So what next?..213.30 before another leg down?
  • #14,464
  • Jun 19, 2008 10:25am Jun 19, 2008 10:25am
so we have another new high in these 3 mths.
  • #14,465
  • Jun 19, 2008 11:40am Jun 19, 2008 11:40am
At this moment, price just performed a double top and I believed wave b extension already completed and looking forward for a bearish reversal trend refering to wave c (white/magenta/yellow). I believed its only a false breakout or a bull trap scenario. But only God's know what will happen next. Have a nice day.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 45 KB
  • #14,466
  • Jun 19, 2008 7:23pm Jun 19, 2008 7:23pm
Quoting Jebatfx
At this moment, price just performed a double top and I believed wave b extension already completed and looking forward for a bearish reversal trend refering to wave c (white/magenta/yellow). I believed its only a false breakout or a bull trap scenario. But only God's know what will happen next. Have a nice day.
You are predicting from too many points here, too much to grasp in one signal.
{Promotion Removed}
  • #14,467
  • Jun 19, 2008 10:38pm Jun 19, 2008 10:38pm
Due to the breakout to my bullish continuation line 1 yesterday, I have to come out with a bullish alt count in white. Preferably, I'm still bias towards bearish corrective trend to alt count in magenta or yellow. And I believed yesterday breakout is only a false breakout or a bullish trap scenario. Please refer to BSTS 2+3 tf 4H and Daily. Happy weekends.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 44 KB
  • #14,468
  • Jun 20, 2008 10:27am Jun 20, 2008 10:27am
I believed market in bearish reversal trend either refering to alt count in yellow or magenta. Otherwise, we may see a bullish continuation again according to the alt count in white. Preferably, market either in the making of subwave i (yellow) or a (magenta). Therefore please trailing your entry by moving your SL and later find a close signal from BSTS. Happy weekends.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 45 KB
  • #14,469
  • Jun 20, 2008 10:52am Jun 20, 2008 10:52am
Quoting Jebatfx
I believed market in bearish reversal trend either refering to alt count in yellow or magenta. Otherwise, we may see a bullish continuation again according to the alt count in white. Preferably, market either in the making of subwave i (yellow) or a (magenta). Therefore please trailing your entry by moving your SL and later find a close signal from BSTS. Happy weekends.
Dear Jebatfx do you mind to share your indicator which draws those trend lines?

Thanks
Discipline + Patience - Fear - Greed = Success
  • #14,470
  • Jun 20, 2008 1:21pm Jun 20, 2008 1:21pm
Quoting alsup1955
What a friken mess. Dude, don't post this junk, I get dizzy just looking at it.............

Ditto.... like a bad 60's acid trip. Like everyone can make sense of this pyscho chart with all it's indicators. If it works for u great.... but do u really think anyone really cares about it. You always give 5 or 6 options...up, down, sideways, retrace, maybe...could might...watch out for ...so with this pile of indicators what your saying is you have no clue..... and this info is of value to someone?
  • #14,471
  • Jun 20, 2008 1:40pm Jun 20, 2008 1:40pm
looking at H1 yes we have divergence (ellipse gray) at this moment but RSI shows price reaching oversold territory.I think just becareful maybe this is only retracement.Just my 2 cents.Maybe i could be wrong.Comments welcome
Attached Image (click to enlarge)
Click to Enlarge Name: 21_06_h1_1.gif Size: 25 KB
  • #14,472
  • Jun 22, 2008 2:13pm Jun 22, 2008 2:13pm
Quoting Pipsnagger
Ditto.... like a bad 60's acid trip. Like everyone can make sense of this pyscho chart with all it's indicators. If it works for u great.... but do u really think anyone really cares about it. You always give 5 or 6 options...up, down, sideways, retrace, maybe...could might...watch out for ...so with this pile of indicators what your saying is you have no clue..... and this info is of value to someone?
everything in the chart is manually draw, its not an indicators. Please do learn about an Elliot Wave 1st before you can understand abt the charts.
  • #14,473
  • Jun 22, 2008 2:19pm Jun 22, 2008 2:19pm
Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

Chart 1H - Preferably, I believed market already in bearish reversal trend either to complete subwave i (yellow) or subwave a (magenta). A further downside movement would bolster this scenario. Otherwise, market maybe in retracement phase before another bullish continuation to complete wave 5 (white).

Chart 4H - I'm looking further a downside movement before the price going upward again for a retracement to complete either the subwave ii (yellow) or wave b (magenta). Please analyse BSTS 3 and BSTS 2 in 4H chart for further bearish continuation trend at the moment.

Chart Daily - Market either still in bullish reversal (continuation) to complete wave C (yellow) or the establishment of wave 4 (magenta) before another major bearish trend to complete wave 5 (magenta). Please analyse BSTS 2 in Daily to decide which trend is more favourable.

Summary :

1) Preferably market in bearish reversal trend to complete the major corrective phase either according to the alt count in yellow or magenta.
2) Please be carefull to the alt count in white.
Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj1hc.gif Size: 43 KB
Click to Enlarge Name: gj4hb.gif Size: 41 KB
Click to Enlarge Name: gjdailyb.gif Size: 35 KB
  • #14,474
  • Jun 22, 2008 10:28pm Jun 22, 2008 10:28pm
Please analyse all alt counts and monitor from BSTS which count is more preferable. I'm looking forward for a bearish reversal trend to complete major corrective a, b and c within this week either refering to the alt count in yellow or magenta. A further downside breakout would bolster this scenario. Expecting later, the price will bounce going upwards to complete subwave ii (yellow) or wave b (magenta) before we could see a major downside movement later. But don't forget the possibility of the alt count in white. Have a nice day.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 45 KB
  • #14,475
  • Jun 23, 2008 12:33pm Jun 23, 2008 12:33pm
Due to the breakout to my magenta horizontal line, preferably the alt count in white considered as invalid. Therefore I'm looking forward market to perform a bearish reversal trend either refering to the alt count in yellow or magenta. Favourably, looking forward for a completion of either subwave i (yellow) or wave b (magenta) soon before expecting to see a bullish retracement trend either to complete subwave ii (yellow) or wave b (magenta). Please bear in mind that both scenario would be in major doubt if the price make a true breakout at 213.28. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 46 KB
  • #14,476
  • Jun 23, 2008 9:32pm Jun 23, 2008 9:32pm
I believed subwave i (yellow) or wave a (magenta) is already completed and looking forward for a completion of subwave ii (yellow) or wave b (magenta) before we could see a possible further bearish continuation to complete subwave iii (yellow) or wave c (magenta). This scenario would considered valid if 213.28 still intact (true breakout). Preferably expecting for a bearish continuation trend later to complete wave c (yellow or magenta). Therefore, please look for a short entry from BSTS later. Good luck.
p/s : yesterday b was refering to a, technically typing error, sorry.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 45 KB
  • #14,477
  • Jun 24, 2008 10:54pm Jun 24, 2008 10:54pm
At this moment, price moving inside the teal triangle. Its look like market will again perform a corrective subwave abcde (cyan) before possibility a breakout to the lower major trendline for a bearish continuation to complete wave c (yellow or magenta). Please be carefull for any breakout to the upper teal triangle. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 45 KB
  • #14,478
  • Jun 25, 2008 2:00am Jun 25, 2008 2:00am
looking forward to have strong down move today
  • #14,479
  • Jun 25, 2008 11:35am Jun 25, 2008 11:35am
Due to the breakout to my upper teal triangle, preferably alt count in yellow become invalid. Please noted that I make a new recount refering to the alt count in white. Please be extra carefull since market is getting more complex. Favourably, I'm bias towards the alt count in magenta but anything is possible in forex. So good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 44 KB
  • #14,480
  • Jun 25, 2008 9:47pm Jun 25, 2008 9:47pm
Please be carefull for any breakout today. Preferably, I'm looking for a bearish entry signal today refering to alt count in magenta. But make sure to put a tight SL if you do so later. I'm still bias towards bearish trend due to a possible valid diagonal triangle pattern in TF 4H and Daily. But do always remember, in forex anything is possible. So good luck and may everybody have a nice weekends.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 43 KB
1 trader viewing now