An Elliot Wave Technical Analysis For GBP Vs JPY

At this moment, please be noted that the previous alt counts in yellow and aqua is already invalid. Favourably, I believed market just performed a "bull trap" scenario and therefore, I'm looking towards a potential bearish reversal trend either refering to the alt count in aqua or white. Otherwise, I believed we shall see another bullish rally perhap to complete a "diagonal triangle" reversal pattern in yellow. Happy weekends and good luck.

Preferably, I believed market in progress to perform a bearish reversal trend scenario either to perform subwave 3 in aqua or corrective wave a in white. A breakout towards the bearish continuation critical line 1 and lower channel trendline would bolters to this scenario. Otherwise, please be careful for another bullish rally and breakout towards the aqua/white critical line. Good luck.

At this moment, market already break the lower yellow channel trendline. Favourably, I believed market in progress to perform a bearish reversal trend scenario to complete corrective wave C either in aqua, white or yellow. But, please be noted that market have to perform a bullish retracement trend scenario either to perform subwave 2 in aqua or corrective wave b in white. A bounce from the aqua/white critical line would bolter to this scenario. Otherwise, we may see an extension of corrective wave a in yellow. Good luck.

Jebat, your EW technical analysis for GJ is correct as you predict yesterday. This technic can predict future.. very useful info but I can't find a mentor or teacher to teach EW in Malaysia.

Tq. But just to remind u, I always can be wrong. EW was not easy. You can surf into my website.
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At this moment, I believed market already performed a bearish reversal trend scenario to complete subwave 3 either in aqua (extension) or white. Favourably, I'm looking forward for a bullish retracement trend scenario either to complete subwave 4 in white or corrective wave b in yellow before expecting for another bearish continuation trend. Otherwise, we may see an extension of subwave 3 in aqua. Good luck.

Favourably, I believed market just in progress to complete the subwave 4 either in white or aqua. Therefore, I'm expecting towards a bearish continuation trend scenario either to perform subwave 5 in aqua or white. A further breakout to the s3 critical line later would bolster to this scenario. Otherwise, this scenario would be invalid if market further breakout to the aqua/white critical line. Good luck.

Preferably, I believed market will perform another bearish continuation trend scenario either in white or aqua. A valid "rising wedge" pattern, a pullback from the pivot critical line and follow by a breakout towards the lower white trendline would bolster to this white scenario. Otherwise, please be careful for any breakout towards the white critical line.

At this moment, I believed market in progress either to complete subwave 5 in aqua or white. A further breakout towards the S3 critical line would bolster to this scenario. Otherwise, please be extra careful towards a bullish trend either to perform subwave ii in white or subcorrective wave c in b in yellow. Good luck.

At this moment, I'm looking forward market to further break the S3 critical line to bolster towards the alt count in white scenario. Otherwise, please be careful for any breakout towards the pivot critical line.

I'm not sure whether the downtrend is weak or strong as I see the wedge pattern in current 1H chart.

http://img16.imageshack.us/img16/496...1hanalysis.gif

http://img139.imageshack.us/img139/3...ofittaking.gif

Thanks jebatfx for your outstanding TA. I love it.

At this moment, I believed market will perform another bearish continuation trend scenario either to complete subcorrective wave b in aqua or subwave v/5 in white (bear trap) before expecting for a potential bullish reversal trend scenario. Please be careful for any breakout towards the white critical line. Otherwise, we may see a further bullish retracement trend scenario to perform subwave 2 in yellow. Good luck.

p/s you're welcome.

It's good to follow Jebatfx recommendation and his alternative solution. It's up to us to trade. Thanks sifu.
http://img690.imageshack.us/img690/2...ing2010120.gif

Favourably, I believed market in progress to perform a bullish reversal trend scenario either refering to the alt count in aqua or white. A valid "falling wedge" pattern would bolster to this scenario. Preferably, please be noted that I'm expecting market to perform a bearish retracement trend scenario 1st either to complete subcorrective wave b in aqua or white (bear trap). Good luck.

Preferably, I believed market in progress either to complete subcorrective wave b in aqua or white (bear trap) before expecting towards a bullish reversal trend scenario. Otherwise, we may see another strong bearish continuation trend scenario to complete subwave 3 in yellow. Please be extra careful towards NFP announcement tonight (9.30pm GMT +8). Happy weekends and good luck.

Target for today.

http://img195.imageshack.us/img195/5...ng20101203.gif

At this moment, I believed market already in progress to perform a bullish reversal trend scenario to complete subwave i, ii, iii, iv and v either in white or aqua. Otherwise, please be careful towards a "bear trap" scenario refering to the alt count in yellow. Good luck.

Favourably, I'm looking towards a potential bullish reversal trend scenario either in aqua or white. But, please be noted that market have a potential to perform a "bear trap" 1st to complete subcorrective wave b in white before start to reversal. Otherwise, we may see another strong bearish continuation trend scenario to complete wave 5 in yellow. Good luck.

Bro Jebatfx, you're right again.

http://img337.imageshack.us/img337/5...ng20101207.gif

Thanks.

At this moment, I believe market already in bullish reversal trend scenario either to complete subwave iii in aqua or subwave i in white before expecting for any potential towards a bearish retracement trend scenario. Otherwise, please be careful for any breakout towards the pivot critical line. Good luck.

p/s - you are welcome. Happy trading.