Daily GBP/JPY analysis

At this moment, I'm looking forward for a good potential bull trap scenario which is a typical false breakout behaviour in diagonal triangle pattern in aqua or yellow. A breakout to the pivot critical line and white critical line would bolster to this bearish reversal trend scenario. Otherwise, if market further going up then I believe market still in progress to complete subwave 3 in white. Happy weekend and good luck.

At this moment, I'm looking forward for a potential of bearish reversal trend scenario either to perform corrective wave a in yellow or aqua. A breakout to the white critical line would bolster to this scenario. Otherwise, I believe we may see another bullish continuation trend scenario to perform the incomplete of subwave 5 in white. Good luck.

At this moment, market still consolidated near the pivot critical area. Preferably, I'm looking for an opportunity toward a bearish reversal trend scenario either refering to the alt count in aqua or yellow. A pullback from the pivot critical line and follow by a breakout to the S3 critical line would bolster to this scenario. Otherwise, we may see another bullish continuation critical line to complete subwave 5 in white. I also would like to wish a Happy Maulidur Rasul to all muslims. Good luck.

Hi dukeofedents, here is an analysis for GBP/JPY


GBP/JPY upleg from 133.15 low on Monday had reached fresh 5-month highs at 134.60 and the pair eased to levels right below 1.3400 after cpI

Please be noted that due to the further uptrend breakout, the previous alt counts in yellow and aqua is already invalid. A bounce from the lower red channel and pivot critical line would indicate that market in favour to complete subwave 5 either in yellow or aqua. Otherwise, a breakout to the pivot and S3 critical line would favour to the bearish reversal trend scenario to complete corrective wave a. Good luck.

At this moment, I believe the bearish reversal trend scenario have a very good potential which is in favour to perform corrective wave a either refering to the alt counts in white (HnS) or aqua. A valid sub-rising wedge and a breakout toward the lower red trendline would bolster to this scenario. Otherwise, please be careful for another bounce scenario to perform a bull trap of subwave 5 in yellow. Good luck.

At this moment, market still in sideway pattern near there pivot critical line area. A breakout either toward the yellow critical line or aqua/white 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 potential further bearish continuation trend scenario to complete corrective wave a either in white or aqua. Happy weekend and good luck.

Preferably, I'm looking forward for a further bearish continuation trend scenario either to perform corrective wave a in white or aqua. A breakout to the pivot and yellow critical line would bolster to this scenario. Otherwise, we may see another bullish coPlease welcome to view the technical charts analysis here : ntinuation trend scenario to complete a bull trap of wave 5 in yellow. Good luck.

I'll be waiting for a break out for GBP/JPY. Since theres no forecast yet for this pair. Its uncertain. This currently on a major resistance at 135.00.

but for my insight, this could be bearish for quite some time. til 133.45.
ill be waiting for 2nd attemp for this to pass through 135.

Tnx pal

At this moment, I'm expecting market to start a bearish reversal trend scenario to complete corrective wave a either refering to the alt counts in white or aqua. I believe market will perform a breakout toward the pivot and yellow critical line respectively. Please be careful for any potential bounce scenario from the major lower red trendline and S3 critical line. Good luck.

p/s - you are welcome. Happy trading.

wow! really cool wave analysis

I'm looking for long again

good luck

At this moment, market already at the major lower red trendline. Please be noted that market have a potential to perform a bullish continuation trend scenario either to perform corrective b in white or yellow. Otherwise, we shall see another bearish continuation trend scenario perhap to complete corrective wave a in aqua. Good luck.

Preferably, I believed market in progress to perform a bearish reversal trend scenario either refering to the alt counts in white or aqua. A true breakout toward the bearish continuation critical line 1 would bolster to this scenario. Please be careful for any potential toward a bullish trend scenario either to perform subwave 2 in white or the incomplete of corrective wave b in yellow. Good luck.

At this moment, I believe market in progress to perform a bull retracement trend scenario either to complete wave 4 in white or subwave a in yellow. A pullback from the fibo 50% or 61.8% would bolster to either a bearish continuation trend scenario either to complete wave 5 in white or subcorrective wave b in yellow. Otherwise, please be careful for any potential toward the aqua alt count scenario. Good luck.

Haven't thought GBPJPY is going to make such a big move downwards, and exit my last short position @ 133,50....

At this moment it looks very overextended. It broke daily R3 zone, and make a small return back, I'll go long 132.20, SL 131.20, TP 1.3380 (return to the daily pivot, which also was totally missed).

Gbp vs Jpy (1H) - At this moment, I believe market in bearish reversal trend scenario either refering to the alt counts in yellow, white or aqua. Favourably, I'm looking forward for a potential bullish reversal trend scenario either refering to the alt counts in yellow or white. Therefore, please monitor for any breakouts.

Gbp vs Jpy (Daily) - Favourably, I'm looking forward for a potential truncated major wave 5 in yellow. Therefore, if valid I believe market will perform a bullish continuation trend scenario to perform subwave 3, 4 and 5 in a in yellow. Otherwise, we may see another major bearish continuation trend scenario to complete a double bottom of major wave 5 or further new low of magenta.

Gbp vs Jpy (Weekly) - A valid triple bottom and and a further bullish continuation trend scenario would bolster to the trucated scenario or major wave 5 in yellow. Otherwise, we may see another bearish continuation trend scenario either in white or magenta. Good luck.

You also have to consider the monthly chart and upward momentum breaking above the trend line.

61.8% + Positive Divergence + Doji

Hey guys, been running this program on instaforex for the past few weeks, it's been doing well, I had to update my strategy for FXCM, and other 5 digit brokers, on and the timezone, on this strategy these options were not built in, so unfortuntely had to change them manually.

For a more technical, math based approach, here's the gbpjpy strategy. I suggest running it on a H4 or daily timeframe.

http://www.opensourcewallstreet.com/

Hello!
Any experience with PFG FX trader? Good, bad, ugly???