Daily GBP/JPY analysis

I am bearish on this pair

Price closed below 100sma
Stoch has turned down from lofty highs
Price in a down channel turning down (possible target is the lower end of the channel)
Price broken the uptrend line within the channel

gbpjpy is a bit of an animal and gan go up 100 pips even thought the real intention and trend is to close down for the day so care is needed

Olu

At the moment, I believe market shall perform another bearish continuation trend scenario to complete subwave 5 either refering to the alt counts in yellow (truncated), white or aqua before expecting toward any potential of major bullish reversal trend scenario. Otherwise, this scenario would invalid if market further break the magenta critical line. Good luck.

G/J

I hope it goes up cuz im doomed right now. fund is not enough to sustain the slide

At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or white. A breakout to the pivot and bullish continuation critical line 2 would bolster to this scenario. Otherwise, market may perform a "Bear Trap" pattern in aqua before any opportunity toward a bullish reversal trend scenario. Also, please be careful toward NFP announcement tonight at 8.30pm (GMT +8). Happy weekend and good luck.

At the moment, I believe market in progress to perform a bullish reversal trend scenario either refering to the alt counts in yellow or white. A breakout to the yellow upper trendline and a valid "Inverted Head and Shoulder" pattern would bolster to yellow alt scenario. Otherwise, please be careful for any breakout toward the pivot and S3 critical line. Good luck.

At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or white. A breakout to the upper yellow trendline and pivot critical line would bolster to this scenario. Otherwise, I believe we may see another "bearish trap" scenario. Good luck.

Preferably, I'm looking forward for a potential of bullish reversal trend scenario refering to the alt count in yellow. A breakout toward the bullish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful for any bearish trend which I believe could be a "bear trap" in progress. Good luck.

At the moment, a potential of bullish reversal trend scenario is still yet remain to be seen. A breakout toward the aqua upper trendline is needed to determine that scenario is in favour. Otherwise, I believe we may see another bearish continuation trend scenario either to perform a "bear trap" pattern in aqua or further down to complete major wave v in magenta. Good luck.

Medium Term Stratgey(Daily):

Gbp/Jpy This pair is still on downtrend, targetting low at 130.40 first, above 131.40 is to retracement at 131.95/00 then 132.20/30 must hold

Nice chart, buddy!

That chart confused me
By the way if it works for you so be it. Keep on making pips..


Olu

Tq. Looking for reversal. Happy trading.

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Gbp vs Jpy (1H) - At the moment, I'm looking forward for a formation of "bear trap" pattern to be completed and an opportunity toward a bullish reversal trend scenario either refering to the alt counts in yellow or aqua. Otherwise, a breakout to the aqua critical line would determine that market may already in bullish reversal scenario to perform major corrective wave c in white.

Gbp vs Jpy (Daily) - Preferably, I believe market in progress to complete major wave 2 either refering to the alt counts in yellow or white. Therefore, I'm looking forward for a potential of bullish continuation trend scenario to perform major wave 3. A bounce from FR 61.8% would bolster to this scenario. Good luck.

Preferably, I believe market in progress to perform subcorrective wave b either refering to the alt counts in yellow or white, before expecting toward a potential of bullish reversal trend scenario. Otherwise, we may see an extension of subcorrective wave a in aqua. Good luck.

At the moment, I'm looking forward for a potential of bearish retracement trend scenario either to perform corrective wave b in yellow or white. A breakout to the lower red trendline would bolster to this scenario. Otherwise, market may perform a bullish continuation trend scenario in aqua. Good luck.

At the moment, I'm looking forward for a potential of bullish reversal trend scenario refering to the alt count in yellow. A bounce from the FR 61.8% would bolster to this scenario. Otherwise, we may see another bearish continuation trend scenario perhap to perform the incomplete or corrective wave b in white. Good luck.

At the moment, I believe market have good potential to perform a bullish reversal trend scenario either refering to the alt counts in yellow or white. Otherwise, we may see a "bearish trap" pattern in magenta. Advisable to look for a bullish reversal trend entry signal from BSTS 3 later. Happy weekend and good luck.

Preferably, I believe market just performed a "bearish trap" pattern and therefore I'm looking forward for a potential of either a bullish reversal trend opportunity in yellow/white or a bullish retracement trend scenario in aqua. Otherwise, please be careful for any bearish continuation trend scenario. Good luck.

2 possible short term turing points.

edit: disregard.

At the moment, I believe market in progress to perform a bullish reversal trend scenario either refering to the alt counts in yellow or white (Inverse HnS). A breakout to the upper green trendline would bolster to this scenario. Otherwise, please be careful for another bearish contnuation trend scenario perhap to perform the incomplete of subwave v in aqua. Good luck.