Daily GBP/JPY analysis

Favourably, I'm looking forward market to perform a further bearish continuation trend scenario either refering to subwave count in white or aqua. Otherwise, please be careful for any possibility towards a strong bounce scenario from the lower red trendline.

At this moment, I'm expecting for another bearish continuation trend scenario either to perform a reversal sub-diagonal tirangle pattern in white or subwave v in magenta. A breakout to the S3 critical line would bolster to this scenario. Otherwise, please be more careful for any strong bullish trend and any breakout towards the upper white trendline or R3 critical line. Good luck.

Preferably, I believed just performed an "expanding flat" corrective pattern refering to the alt count in magenta. Therefore, I'm looking forward for a bearish continuation trend scenario perhaps to complete subwvae v in magenta. Otherwise, this scenario would be invalid if market further break the magenta critical line. Good luck.

It's contested whether traders make and break the news, or just follow it. I fall in line with the former school of thought, so never read [USA/UK] news.

At this moment, I'm looking forward market to further break the strong S3 critical line to complete subwave either in aqua, white or magenta. Please be careful for any strong bounce scenario later. Good luck.

Anybody notice BOJ intervention today under the guise of US "Existing Home Sales" - I didn't see the dollar gap up like yen pairs did?

Gbp vs Jpy (1H) - At this moment, please analyse the latest possible alt counts and all critical lines. Favourably, I still looking forward market to perform a further bearish continuation trend scenario refering to the alt count in magenta.
A breakout to the pivot and S3 critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the magenta critical line.

Gbp vs Usd (Daily) - Preferably, I believed market just performed a "bull trap" scenario and I'm looking forward for another bearish continuation trend scenario either to complete the corrective wave b in white (double bottom) or wave 5 in magenta. Otherwise, please be careful for any further bullish continuation trend later.

Aud vs Usd - I believed market in progress to complete major wave 2 either in white or magenta. Therefore, I'm expecting for a strong bearish continuation trend scenario later to perform a major wave 3 in C later. Please be careful for a "bull trap" scenario. Happy weekends and good luck.

At this moment, the alt count in magenta is already invalid. Therefore, I believed market in progress either to complete subwave 5 in white or subwave 3 in yellow. We may see a "double top" scenario either at the bullish continuation critical line 1 or 2 before expecting for any reversal (white) or retracement (yellow) trend scenario. Good luck.

Favourably, I'm expecting market to perform a bearish reversal trend scenario to complete subwave c either in white or magenta. Otherwise, please be careful for a breakout towards the magenta/white critical line.

Please be noted that the previous alt counts in magenta and white is already invalid due to the strong bullish continuation trend. Therefore, at the moment, I'm looking for a bearish trend to be perform either to complete subwave a (magenta or white) or subwave 4 in yellow before expecting for another bullish trend to complete subwave b (magenta/white) or subwave 5 (yellow). Also, you can compare this similar structure to other pairs like GbpUsd, EurUsd and AudUsd. So, setup your best trading plan 1st before making further decission. Good luck.

At this moment, I believed market in progress to perform either a bearish reversal trend to complete subwave a,b and c in magenta or white OR subwave 4 in yellow. A breakout to the bearish continuation critical line 1 would bolster to this scenario. Quick Update - please be noted that, I'm also expecting Gbp/Usd, Eu/Usd and Aud/Usd in progress to perform a bearish reversal trend scenario. Good luck.

At this moment, I believed market in progress to complete subcorrective wave c either in white or magenta. Please be careful for a bounce scenario perhaps to perform a right shoulder for a typical H and S pattern refering to the alt count in magenta. Otherwise, please be careful for any strong bullish continuation trend perhaps to complete subwave 5 in yellow. Happy weekends and good luck.

http://i31.tinypic.com/14t6grk.jpg

From Daily Open , price will move up to 136.56 and going down again to 135.46... Sorry me, if I'm wrong..

Gbp vs Jpy (1H) - At this moment, I'm looking forward for a valid H and S reversal pattern refering to the alt count in white scenario. A pullback from the R3 critical line would bolster to this scenario. Otherwise, we may see another bullish continuation trend either to complete a double top subcorrective b in magenta or subwave 5 in yellow.

Eur vs Usd (4H) - Preferably, I'm expecting towards a bearish reversal trend either to perform a double bottom of corrective wave b in magenta or wave 5 in yellow. A valid diagonal triangle reversal pattern and a breakout towards the lower yellow trendline would bolster to this scenario. Otherwise, we may see a "bull trap" pattern (false breakout) at the upper yellow trendline. Good luck.

Gbp vs Jpy (1H) - Please be noted that the previous H and S pattern (white) was already invalid. Favourably, I'm looking forward for an opportunity towards a "double top" reversal pattern refering to the alt count in magenta. Otherwise, we may see another bullish continuation trend to complete subwave 5 in yellow.

Gbp vs Usd (Daily) - Preferably, I'm looking forward for a bearish reversal trend to perform corrective wave b either in yellow or white. I believed market just performed a "bull trap" scenario.

Eur vs Usd (4H) - I believed market just performed a"bull trap" scenario to complete either corrective wave a (magenta) or wave 4 (yellow or white). Therefore, I'm looking forward for a bearish reversal trend scenario later within this week.

Aud vs Usd (Daily) - At this moment, I'm looking forward for a major bearish reversal trend scenario either refering to the alt count in white or magenta. Otherwise, please be careful for any bullish continuation trend scenario perhaps to complete corrective wave B in magenta ("Triple Top"). Good luck.

Summary - I believed bullish trend in GbpJpy, GbpUsd, EurUsd and AudUsd was already exausted so therefore I'm looking towards a bearish opportunity later.

Favourably, I believed will perform a bearish reversal trend scenario either in magenta or white alt counts. A further bearish continuation trend scenario would bolster to the alt count in magenta scenario otherwise please be careful for any possible bounce scenario perhap to perform subcorrective wave b in white. Good luck.

At this moment, I'm looking forward for a possible "triple top" bearish reversal scenario refering to the alt count in white. Otherwise, I believed market will perform a "bull trap" scenario refering to the alt count in magenta. Good luck.

hello guys,

can GJ reach 135,60 today? really need ur analysis.. thanks

At this moment, I'm looking forward for a further bearish trend to perform subcorrective wave c in white. Otherwise, please be careful for a breakout towards the white critical line. Note - I'm looking forward for NFP data release tonight would push GbpJpy, GbpUsd, EurUsd and AudUsd to perform a bearish trend (UsdCad - bullish). Happy weekends and good luck.

As bad as the data from the US has been, and the poor unemployment numbers which came out yesterday, why would you think that NFP, which will most likely be worse than anticipated, push the USD up?