Daily GBP/JPY analysis

At this moment, price already break possible neckline of an inverted H & S reversal pattern. A further breakout to the yellow critical line would more favour into either alt counts in magenta or white. Otherwise, a breakout to the bearish continuation line 9 would favour to the alt count in yellow. Preferably, I'm looking for a truncated wave v in 3 scenario refering to alt count in magenta and looking forward for another bullish retracement to complete wave 4 (magenta) before expecting for another bearish continuation to perform wave 5 (magenta). Good luck and happy weekends.

Since the previous yellow critical line is already been taken, therefore I need to do a recount for any possible bearish continuation bias alt count. Please analyse the latest possible alt counts especially the alt count in yellow. Please be noted also there are possible a "Falling Wedge" pattern detected in the chart. A true breakout to the upper green trendline would bolster the bullish retracement scenario (magenta or white) meanwhile a further downside trend until a breakout to the bearish continuation line 9 would bolster the alt count in yellow. Good luck

Please analyse all possible alt counts. Preferably, I'm looking for a bullish retracement scenario refering to the alt count in magenta later within this week. A further breakout to the upper green trendline would bolster this scenario. Otherwise this scenario would be invalid if there is a true breakout to the bearish continuation line 8. Please confirm any good entry signal from BSTS later. Good luck.

At this moment, due to the current downside trend, favourably the alt count in magenta is in major doubt while the previous alt count in white is already invalid. Therefore, please analyse the latest possible alt count in white. At this stage, market looks more preferable towards this alt count in white which is market in progress to complete wave 5 and also please be noted about the diagonal triangle pattern. Also, please be careful for an over-throw or a bearish trap scenario. Otherwise we may see a strong breakout to the bearish continuation line 8 and the major bearish continuation critical line 1 which is favour to the alt count in yellow. Good luck.

At this moment, I'm looking forward for either a bullish retracement (magenta) or a bullish reversal scenario (white). A further breakout to the upper green trendline and later to the upper yellow trendline would bolster both scenario. Otherwise, this scenario would be invalid if there is a further downside trend refering to the alt count in yellow. Good luck.

At this moment, I'm looking forward for a further breakout to the twin upper diagonal triangle trendlines to bolster either the bullish retracement (magenta) or the bullish reversal (white) scenario. Preferably, I believed market will be in upside movement (magenta or white) soon if the "throw-over" and the twin diagonal triangles is valid. Otherwise we may see another bearish continuation refering to the alt count in yellow. Good luck.

Thank you Jebat, keep it coming

im watching too...keep posting

hi all, great charts , but the count...

210.14 short

i was worried there for a moment ,but looks like everything is going my way

So much chop on the cross pairs wow. USD/JPY is moving down smoothly so far.

Preferably, I believed the "throw-over" or the bearish trap scenario is valid and looking forward for an upside movement either to complete corrective subwave a in magenta (bullish retracement) or corrective subwave a in white (bullish reversal). Otherwise this scenario would be invalid s there is any breakout to the major bearish continuation critical line 1. Good luck.

At this moment, market still in bearish trend eventhough BSTS showing the trend is getting weak. Overall, I'm still looking for an opportunity referring to an upside movement (magenta or white). Please be noted also there is a possibility for another "throw-over" or bearish trap scenario later to complete wave v in magenta or wave 5 in white. Otherwise we may see a further true breakout of the major bearish continuation critical line 1 to according to the alt count in yellow. Preferably, please look for any good entry for bullish retracement (magenta) or bullish reversal (white) from BSTS later. Good luck.

looks like she wants to fall off the map

lets see what map page she'll drop down too 500 hundred pips may be a little ambitious

I think buy gpb/jpy in 199 is well

At this moment, I believed either subwave v (magenta) or wave 5 (white) will be completed soon and looking forward for an upside trend. But a further breakout of the major bearish continuation critical line 1 would put this scenario in major doubt. Advisable to look for another bullish entry signal later from BSTS. Good luck.

Can anyone tell me the meaning of "BSTS", and "alt"?

Dear Friend Jebat.,do you mind telling me what are the level 198.04 & 196.85 base upon?