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Daily GBP/JPY analysis

  • #15,421
  • Jun 2, 2010 8:21pm Jun 2, 2010 8:21pm
Quoting MMRfx
Have been following your analysis for a while, thanks, I am reading a lot on elliot wave also.
u r welcome. Happy trading.

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Favourably, I believed market will perform a bearish continuation trend scenario either to perform subcorrective wave b in white or subwave 5 in magenta. Otherwise, we may see another bullish trend to complete subwave 5 in yellow before expecting for a minor bearish reversal trend scenario. Please be extra careful towards the NFP announcement tomorrow. Good luck
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  • #15,422
  • Jun 6, 2010 9:35pm Jun 6, 2010 9:35pm
Haven't seen any posts in a couple days..is everything ok?
  • #15,423
  • Jun 6, 2010 11:35pm Jun 6, 2010 11:35pm
At this moment, I believed market in progress to complete subwave 3 either refering to the alt counts in white (double bottom ?) or magenta. Please be careful towards a bullish retracement trend scenario later to perform subwave 4 either in white or magenta. A breakout to the bearish continuation critical line 1 would indicate that we may see an extension of subwave 3 in magenta. Otherwise, please be careful for any bounce scenario. Good luck.
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  • #15,424
  • Jun 7, 2010 11:03pm Jun 7, 2010 11:03pm
Preferably, I believed market just completed the subwave 4 either in white or magenta. Therefore, I'm expecting for another bearish continuation trend scenario either to complete a double bottom of wave 5 in white or another further extension refering to the alt count in magenta scenario. Otherwise, please be careful for any breakout to the bullish continuation critical line 1. Good luck.
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  • #15,425
  • Jun 8, 2010 10:01pm Jun 8, 2010 10:01pm
At this moment, I'm looking forward for a "pullback" scenario from the pivot critical line to complete either the diagoanal triangle reversal pattern in white or a further bearish continuation trend refering to the alt count in magenta. Otherwise, please be careful for any breakout to the upper green trendline and R3 critical line. Good luck.
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  • #15,426
  • Jun 8, 2010 10:03pm Jun 8, 2010 10:03pm
Excellent Analysis yesterday Jebatfx!!

Quoting Jebatfx
Preferably, I believed market just completed the subwave 4 either in white or magenta. Therefore, I'm expecting for another bearish continuation trend scenario either to complete a double bottom of wave 5 in white or another further extension refering to the alt count in magenta scenario. Otherwise, please be careful for any breakout to the bullish continuation critical line 1. Good luck.
  • #15,427
  • Jun 9, 2010 10:03pm Jun 9, 2010 10:03pm
At this moment, a breakout either towards the R3 or S3 critical line is still yet remain to be seen to determine which alt counts that is more in favour. Preferably, I'm still looking forward for a bearish continuation trend scenario either in magent or aqua. Good luck.
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  • #15,428
  • Jun 9, 2010 10:31pm Jun 9, 2010 10:31pm
Nice DeMark trade set-up building up for GBPJPY
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  • #15,429
  • Jun 10, 2010 10:26pm Jun 10, 2010 10:26pm
At this moment, I'm looking forward for a "pullback" scenario from the R3 critical line to bolster to the alt counts either in white or magenta. Otherwsie, we may see another bullish continuation trend scenario refing to the alt count in yellow if the bullish continuation critical line 3 is taken. Good luck.
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  • #15,430
  • Jun 13, 2010 11:36pm Jun 13, 2010 11:36pm
Favourably, I'm looking forward for a possibility towards a bearish trend either to perform subwave 2 in yellow or subwave 3 in magenta. This scenario would be invalid if market further break the bullish continuation critical line 1 and 2. Due to that if do happen, then we may see a strong bullish continuation trend scenario to perform subwave 3 refering to the alt count in white. Good luck.
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  • #15,431
  • Jun 16, 2010 4:43am Jun 16, 2010 4:43am
Jebatfx we've missed you for a couple days! Been missing your insight!
  • #15,432
  • Jun 16, 2010 5:32am Jun 16, 2010 5:32am
Here's a chart.

Attached Image (click to enlarge)
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Hope it makes sense...
Gone to a better place
  • #15,433
  • Jun 16, 2010 11:07am Jun 16, 2010 11:07am
Does not...but thank you anyway!
  • #15,434
  • Jun 16, 2010 11:33am Jun 16, 2010 11:33am
Expanding triangle indicates high volatility. History shows price difficulty in reaching higher highs or closing above 135.82. Oscillator shows bearish divergence. Arrow shows direction of high probability trade with small stop loss above 136.

Anyone reading now: I don't consider an entry valid now.
Gone to a better place
  • #15,435
  • Jun 17, 2010 3:20am Jun 17, 2010 3:20am
Thank you Smikester...that helps a lot!
  • #15,436
  • Jun 18, 2010 12:28am Jun 18, 2010 12:28am
last leg up coming after a downmove.....then sell....it's the options and of course the carry trade which failed this week...only the second time this year! so...a top coming after a downmove...sell that top 137.xx or so whenever the e/j gets to 114.22 or 33
  • #15,437
  • Jun 23, 2010 6:50am Jun 23, 2010 6:50am
Calling all cars, calling all cars, All points bulletin for the whereabouts of JebatFX. Last heard from on or about 10 June...has anyone heard from JebatFX??
  • #15,438
  • Jun 25, 2010 3:36am Jun 25, 2010 3:36am
Consolidating for 10 days now... Cable reached 1.5 in a downtrend... Equities down... Other yen pairs down...


What are we waiting for??? Come on!!!!

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Come to me 130.00 Come to me... You are feeling very sleepy...
Gone to a better place
  • #15,439
  • Jun 25, 2010 6:27am Jun 25, 2010 6:27am
Quoting smikester


Come to me 130.00
Sorry GBP/JPY you showed your hand with that hourly close at 133.33
Gone to a better place
  • #15,440
  • Jun 25, 2010 7:42am Jun 25, 2010 7:42am
Hmm. Weekly not looking very bullish either (if we get a lower close today):

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Gone to a better place
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