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Daily GBP/JPY analysis

  • #15,041
  • Jul 23, 2009 10:23pm Jul 23, 2009 10:23pm
Due to the breakout towards the bullish continuation critical line 1, therefore the previous alt counts in white and yellow is already invalid. Favourably, I believed market in progress to complete subwave c in 2 either in magenta or the latest alt count in white. A breakout to the pivot would indicate that perhaps market may already in progress refering to the alt count in magenta. Otherwise another bullish rally would indicate that subwave c in 2 may still in progress refering to the alt count in white. Therefore, please confirm either alt counts from breakout towards any critical lines or trendlines. Happy weekends and good luck.
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  • #15,042
  • Jul 26, 2009 11:15pm Jul 26, 2009 11:15pm
At this moment, I believed more likely market will perform another bullish continuation trend either to complete corrective subwave b in magenta or a truncated subwave 5 in yellow or a diagonal triangle reversal pattern refering to the alt count in white. Therefore, favourably advisable to look for any good bearish entry signal from BSTS later. Otherwise a breakout towards the lower yellow trendline would indicate that perhap corrective subwave c is already in progress. Good luck.
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  • #15,043
  • Jul 27, 2009 10:19pm Jul 27, 2009 10:19pm
At this moment, favourably I'm looking forward for a breakout towards the lower red trendline to bolster to bearish reversal trend scenario to perform either corrective subwave subwave c in magenta or subwave a,b and c in yellow. A further true breakout to the lower yellow trendline may indicates that perhap market in progress to complete corrective subwave c in magenta. Otherwise if bounce, then maybe market will perform corrective subwave b in yellow. Or otherwise, please be careful for any breakout towards the upper green trendline and yellow/magenta critical line. Good luck.
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  • #15,044
  • Jul 28, 2009 12:43am Jul 28, 2009 12:43am
Quoting nicesurf
Any simple strategy here ? I need one ..
nothing simple really about GBPJPY...but you might could find one in the strategy section of the forum
With Great Money Management Comes Great Success PATIENCE
  • #15,045
  • Jul 28, 2009 5:53am Jul 28, 2009 5:53am
hello guys !!!

really lucky i found this post ! i am new to GBP/JPY and i heard alot of goods and bads about this pair. however, i still want to master this pair...

can anyone kind enough to post a strategy for this pair ? thanks !
Trading Forever !!!
  • #15,046
  • Jul 28, 2009 11:31pm Jul 28, 2009 11:31pm
Quoting cscheat
hello guys !!!

really lucky i found this post ! i am new to GBP/JPY and i heard alot of goods and bads about this pair. however, i still want to master this pair...

can anyone kind enough to post a strategy for this pair ? thanks !
Hi,

try to learn how to swing trade in GJ. Never ever trade scalping in this pair. Good luck.

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At this moment, I'm looking forward for another bearish continuation trend scenario to perform either a subwave iii in magenta or subwave c in yellow. A breakout towards the bearish continuation critical line 1 would bolster to this bearish continuation trend scenario. Therefore, advisable to look for a possibility towards any completion of either subwave ii in magenta or subwave b in yellow from BSTS later before making any short entry. Otherwise, please be careful for any breakout towards the upper green trendline and yellow/magenta critical line. Good luck.
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  • #15,047
  • Jul 29, 2009 11:09pm Jul 29, 2009 11:09pm
Favourably, I'm looking forward for a bearish reversal trend scenario to perform either subwave iii in magenta or subwave c in yellow. But. please be careful for any bullish continuation trend scenario either to complete corrective wave b in yellow or wave c/2 in white. Therefore, please confirm any scenario from any breakout either towards the pivot or R3 critical lines. Good luck.
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  • #15,048
  • Jul 30, 2009 10:39pm Jul 30, 2009 10:39pm
At this moment, price already break the upper green trendline. Therefore, please be noted that the alt count in magenta is already invalid. Preferably, I believed market just perform a bullish trap scenario ("throw over" pattern) either a corrective wave b in yellow or wave c/2 in white before expecting for a bearish reversal trend scenario. Advisable to look for any possibility towards a bearish entry from BSTS later. Please be noted that this scenario will be invalid if the respective yellow or white high critical line is taken. Happy weekends and good luck.
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  • #15,049
  • Jul 31, 2009 4:50am Jul 31, 2009 4:50am
agree with above view- the downward move from 160+ area is still intact. What has happened is global risk appetite and month end fixings (+uncertainty around Toshin redemptions) have caused a reversal, which i believe is temporary. The levels around 157.80+ look to be a false break , likely to kill weak hands and clean positions. If next week risk apeptite begins to loose steam ( and comon it cant go up forever) we should look for a break down to 154.20 at least. On the other side, if today we have significantly better US GDP a move up to 159.18 should not be excluded. But resistance there is strong. If you are looking to enter would wait until after US numbers and place stop loss at 160 with target at 152.9. Thoughts welcome.
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  • #15,050
  • Aug 2, 2009 10:16pm Aug 2, 2009 10:16pm
Quoting vladi
agree with above view- the downward move from 160+ area is still intact. What has happened is global risk appetite and month end fixings (+uncertainty around Toshin redemptions) have caused a reversal, which i believe is temporary. The levels around 157.80+ look to be a false break , likely to kill weak hands and clean positions. If next week risk apeptite begins to loose steam ( and comon it cant go up forever) we should look for a break down to 154.20 at least. On the other side, if today we have significantly better US GDP a move up to 159.18...
Tq for sharing. Good analysis. Good luck to u.

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Chart 1H - Favourably, I'm looking forward for a bearish trend scenario either to perfom a correcitve a,b and c in yellow or wave 2 in magenta. A breakout to the lower red trendline would bolster towards this scenario. Otherise, please be careful for any bullish continuation trend to complete the unfinish corrective wave b in white or any breakout toward the yellow or white critical line.

Chart Daily - Preferably, I'm looking forward for any possibility of major bearish continuation trend to perfom subwave 3 in 5/c in yellow. Otherwise, please be noted that this scenario will be invalid if there is any breakout towards the white/yellow critical line in which would indicates that perhap major wave 4 in magenta still in progress. Good luck.
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  • #15,051
  • Aug 3, 2009 2:48pm Aug 3, 2009 2:48pm
Wow! Those charts are really pretty! To think, I've only got one line on my chart. 162 is a strong historic level of support and resistance. If it holds I'll sell, if it doesn't I'll buy.

I'll get my coat...
  • #15,052
  • Aug 4, 2009 2:14am Aug 4, 2009 2:14am
Please be noted that the previous alt count in yellow is already invalid. Preferably, I'm looking forward for any possibilitiy towards a bearish reversal trend refering to the alt count in white and a "double top/diagonal triangle" reversal pattern scenario. A breakout to the lower yellow trendline would bolster to this scenario. Otherwise please be careful for any strong breakout towards the bullish continuation critical line 3 or any bullish trap (throw-over) pattern scenario. Good luck.
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  • #15,053
  • Aug 4, 2009 11:25pm Aug 4, 2009 11:25pm
Gbp vs Jpy (1H) - At this moment, I'm looking forward for a bearish reversal trend to perform corrective wave a, b and c in white. But, please be careful since market is alos in favour to perform another bullish continuation trend to complete a "throw-over/bullish trap" scenario of wave 5/b in yellow. Otherwise we may see another bullish rally (167.59) to complete major wave 4 in magenta. Advisable to look for any opportunity towards a bearish reversal trend scenario either in alt counts in white or yellow.

Gbp vs Usd (Daily) - At this moment, market already reached the upper channel trendline. Therefore, I'm looking forward for any possibility towards a pullback/bearish reversal trend scenario either a completion of major wave 4 in magenta or subwave v in yellow. Otherwise, please be careful since market have a big possibility to perform a bullish continuation trend refering to the alt count in white.
Good luck.
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  • #15,054
  • Aug 5, 2009 11:35pm Aug 5, 2009 11:35pm
At this moment, I'm looking forward for a bearish reversal trend refering to the alt count in white to perform corrective subwave c. But, please be careful since market may also showed a horizontal triangle pattern (ascending triangle) which may bolsters towards the bullish continuation trend scenario. Therefore, please be careful for any possibility towards a bullish trap pattern (yellow) or a strong bullish continuation trend scenario (magenta). Also please be noted that there will be an announcement of NFP tomorrow 8.30pm (GMT+8). Overall, I'm expecting for a bearish reversal trend either in white or yellow. Good luck.
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  • #15,055
  • Aug 5, 2009 11:39pm Aug 5, 2009 11:39pm
Quoting Jebatfx
At this moment, I'm looking forward for a bearish reversal trend refering to the alt count in white to perform corrective subwave c. But, please be careful since market may also showed a horizontal triangle pattern (ascending triangle) which may bolsters towards the bullish continuation trend scenario. Therefore, please be careful for any possibility towards a bullish trap pattern (yellow) or a strong bullish continuation trend scenario (magenta). Also please be noted that there will be an announcement of NFP tomorrow 8.30pm (GMT+8). Overall, I'm...
nice chart. I forgot all about that nfp. it might be a good strategy to wait till after before a serious commitment.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #15,056
  • Aug 6, 2009 11:10pm Aug 6, 2009 11:10pm
Quoting england33
nice chart. I forgot all about that nfp. it might be a good strategy to wait till after before a serious commitment.
thanks. Good luck to u and happy trading.

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Gbp vs Jpy (1H) - At this moment. I'm looking forward for a bearish continuation trend to complete corrective subwave c in a refering to the alt count in white. Therefore, please be careful for any bounce or breakout scenario towards the lower red trendline. Otherwise, we may see another bullish continuation trend to complete a "throw-over" pattern wave 5 in yellow or major wave 4 in magenta. Please be careful for NFP announcement tonight at 8.30 pm (GMT+8).

Gbp vs Usd (Daily) - At this moment, price already performed a pullback scenario from the upper green trendline. Therefore, I believed more likely market in progress to perform subwave 4 in yellow before expecting for another bullish continuation trend either to complete a truncated subwave 5 or an impulsive subwave 5. Or, otherwise, a further breakout towards the yellow/white critical line would indicate that perhaps market is already in progress to perform major wave 5 in magenta. Good luck and happy weekends.
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  • #15,057
  • Aug 10, 2009 12:19am Aug 10, 2009 12:19am
At this moment, I'm looking forward for an opportunity towards a bearish reversal trend and a bullish trap scenario refering to the alt count in yellow. A breakout towards the lower red trendline would bolster to this scenario. Therefore, advisable to look for any bearish reversal entry signal from BSTS later. Otherwise we may see another bullish continuation trend either in white or magenta.
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  • #15,058
  • Aug 10, 2009 10:53pm Aug 10, 2009 10:53pm
Gbp vs Jpy (1H) - At this moment, I believed market in progress to complete corrective wave a in yellow before expecting for a bullish retracement trend to perform corrective wave b. Therefore please watch closely for any breakout or bounce scenario at the lower red trendline later. Advisable to look for any opportunity towards a bearish continuation entry signal from BSTS later. Otherwise, market may only perform an expanding flat corrective refering to the alt count in white where as we may see another strong bounce scenario to complete wave 5 in white or magenta.

Gbp vs Jpy (Weekly) - Preferably, I'm looking forward for a major bearish continuation trend scenario to perform major wave 5/c in yellow. Otherwise, we may see another bullish rally to complete the unfinish major wave 4 either in white or magenta.

Gbp vs Usd (Daily) - Market just perform a strong pullback scenario. Favourably, I'm looking forward for a bearish reversal trend scenario to perform corrective wave a, b and c in yellow OR a major bearish continuation trend scenario to complete major wave 5 in magenta. Otherwise, we may see another bullish rally refering to the alt count in white scenario.

Eur vs Usd (Weekly) - Preferably, I believed market in progress to perform a major wave iii in yellow as long the yellow critical line is remain intact. Otherwise, if the critical line is taken, then market in favour to complete the unfinish major correctuve wave b in white before expecting for another major bearish reversal trend to perform major wave c.
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Good luck.
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  • #15,059
  • Aug 11, 2009 10:26pm Aug 11, 2009 10:26pm
At this moment, please be noted that due to the further bearish continuation trend, therefore I believed the previous alt count in white or magenta is already invalid. Favourably, I'm looking forward for a completion of correctie wave a either in yellow or white before expecting for any bullish retracement trend to complete corrective wave b. Please watch closely for any breakout (S3) and the bearish channel. Good luck.
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  • #15,060
  • Aug 12, 2009 10:29pm Aug 12, 2009 10:29pm
At this moment, I believed market just performed a bullish retracement trend either to complete corrective wave b in yellow (completed) or white (in progress) before expecting for another bearish continuation trend to complete corrective wave c. Therefore, advisable to look for any possibility towards a bearish continuation entry signal later from BSTS. Otherwise, please be careful for any breakout towards the upper green trendline which would indicate that corrective wave b (white) still not complete yet. Good luck.
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