Daily GBP/JPY analysis

At this moment, I'm looking forward for a breakout towards the white critical line to bolster the bearish continuation trend and "H & S" pattern scenario either to complete wave 2 in magenta or major corrective wave b in yellow. Otherwise, please be careful for any bullish continuation trend and any breakout toward the yellow critical line. Good luck.

At this moment, I'm waiting for any true breakout from the teal triangle corrective pattern to determine which alt counts that is more in favour. Preferably, I'm looking forward for a breakout towards the lower teal triangle trendline and later to the white critical line to bolster the bearish retracement scenario (magenta or yellow). Happy weekends and good luck.

At this moment, favourably, I'm looking forward for any breakout towards the lower red teal triangle trendline and white critical line to bolster the "H & S"pattern and bearish retracement trend scenario. Advisable to look for any bearish retracement entry signal from BSTS later. Otherwise, please be careful for any breakout towards the yellow critical line. Good luck.

breakout long anyone? (Low liquidity day though)

HAHAHAHAHHA

here is a post i made from one year and one month ago.

Should have help that damn position!!!

Please be noted that I have to do some recount due to the breakout towards the previous yellow critical line. Preferably, I'm still looking forward for a bearish retracement trend scenario either refering to the alt count in magenta or yellow. This scenario would be invalid the there is any breakout towards the bullish continuation critical line 1. Good luck.

At this moment, price already at the lower red teal triangle trendline (neckline). Preferably, I'm looking forward for a further breakout to the downside trend to bolster the bearish retracement trend either to complete wave 2 in magenta or major corrective wave b in yellow. Otherwise, please be careful for any false breakout or bounce scenario. Good luck.

GBP/JPY has broken out of the Triangle/Pennant Formation on 4H Charts. Ideal Targets would be at 154.94.Our Targets for the Inverse Heads & Shoulders Pattern shown in the First Post is at 154.75. Looks like we can achieve our Targets. Considering the current breakout to be a pennant we may overshoot the Targets as well.

Please be noted that due to the current market situation, I have to do a major recounts. Therefore, please analyse the latest possible alt counts scenario. Favourably, I'm still looking for any opportunity for a bearish retracement trend magenta or yellow) before expecting for another major bullish reversal trend scenario to perform major wave 4 in weekly. Advisable to look for any bearish retracment entry signal later from BSTS as long the yellow critical line is remain intact. Good luck.

At this moment, price still inside the diagonal triangle pattern. I'm looking forward for any breakout to determine either market in favour towards the alt count in white or magenta/yellow. Favourably, I believed market will perform a major bearish retracement trend refering to the alt count in yellow to perform a major corrective wave b. Otherwise we may see a bullish continuation trend to complete subwave 5 in white. Happy weekends and good luck.

Its will be a bullish trend for GJ when market is open. If the price down exceed 146.145, it may goin down until 145.00 until it retrance up for a whole day and if not, it will be straight away rise!

This has to be one of the wierdest charts I have ever seen.........I have checked my charts and it show nothing like this at all hmmmm

It is a kind of wierd looking chart but given that it was posted on the 16th, it compares closely with price action on dealbooks' charts.

At this moment, price already near the white critical line. Preferably, I'm looking forward for a further breakout to the downside to bolster towards either the alt count in magenta or yellow. Otherwise, please be careful for any false breakout scenario. Good luck.

Jet, I agree with you in that we might see a few jab steps first (fakeouts) before prices decide they want to head further south. I will stand aside for awhile on this pair as prices sort themselves out. Further selling pressure past 145.50 might indicate a strong bearish movement, but judging by the past week or so, who the heck knows right now?

Please be noted that favourably, the alt count in white is already invalid. Preferably, I believed market in progress to perform a major corrective wave b in yellow before expecting for any bullish continuation trend to complete major corrective wave c in 4 (weekly). Another breakout towards the major lower red trendline would bolster this scenario. Otherwise, please be careful for any bounce scenario refering to the alt count in magenta. Good luck.

Preferably, I'm looking forward for a further breakout towards the major red lower trendline to bolster either the new alt count in white or yellow. I believed market will continue further to the downside the complete 5 bearish wave structures before expecting for any bullish reversal trend scenario. Otherwise, please be careful for any bullish trend scenario to complete wave 3 in magenta. Good luck.

At this moment, I believed market already completed the subwave 4 (magenta/cyan/white), before expecting for another bearish continuation trend either to perform a truncated subwave v in magenta or an impulsive subwave 5/v either in white or cyan. Preferably, I'm looking for an opportunity towards either the alt count in white or yellow. A breakout towards the bearish continuation critical line 2 would bolster to this scenario. Otherwise, please be careful if market perform the truncated scenario (magenta) and any breakout towards the white/yellow critical line. Good luck.

At this moment, I'm looking forward for a further bearish continuation trend either to complete subwave v in white or subwave iii in yellow. Otherwise, please be careful for any possibility towards the alt count in magenta. Good luck.

At this moment, I'm looking forward for a true breakout towards the bearish continuation critical line 2 to bolster the bearish retracement trend secnario either to complete a major corrective wave b in white or yellow. Otherwise, please be careful for any bounce scenario and any possibility towards a bullish continuation trend refering to the alt count in magenta. Good luck.