Daily GBP/JPY analysis

Gbp vs Jpy (1H) - At the moment, I'm looking forward for a bearish continuation trend scenario either to perform subwave 2 in aqua or subwave 3 in magenta. A valid "rising wedge" pattern and a breakout toward the lower red trendline would bolster to this scenario. Otherwise, please be careful for any breakout toward the magenta critical line.

Gbp vs Usd (Daily) - Preferably, I believe market in progress to complete a "bull trap" pattern and therefore I'm looking forward market to perform either a bearish continuation trend (subwave 5) scenario in yellow or a bearish retracement trend scenario in aqua (subwave 2). Good luck.

Favourably, I believe market in progress to perform subwave 3 either refering to the alt counts in yellow or aqua. A breakout toward the bullish continuation critical line 1 would bolster to this scenario. Otherwise, this scenario would be invalid if market further retrace and break the aqua/yellow critical line. Good luck.

At the moment, I'm looking forward for a potential of bullish continuation trend scenario either to perform subcorrective wave b (white), wave 5 (aqua/truncated) or subwave v (yellow). A valid "Falling Wedge" pattern in yellow would bolster to this scenario. Otherwise, please be careful for any breakout toward the bearish continuation critcal line 1. Good luck.

At the moment, I'm looking forward for another bullish continuation trend scenario either to perform wave v in yellow or wave 5 in aqua. Otherwise, we may see another bearish continuation trend scenario to perform corrective wave c in white. Please be careful toward NFP announcement tonight (8.30pm @ GMT 8+). Happy weekend and good luck.

Gbp vs Jpy (1H) - At the moment, please be careful toward a potential of bearish reversal trend scenario in white. Favourably, I'm looking forward for another bullish continuation trend scenario either to complete wave 5 in aqua (truncated) or yellow. Please be careful toward NFP announcement tonight (8.30pm @ GMT 8+).

Gbp vs Jpy (4H) - Preferably, I'm looking forward toward another bullish continuation trend scenario either in aqua or yellow. A breakout toward the bullish continuation critical line 1 would bolster to the sentiment count in yellow scenario. Otherwise, please be careful for any potential of bearish reversal trend scenario either in white or aqua ("Double Top"). I would like to wish all muslim a Happy Hari Raya Aidil Adha, maaf zahir batin. Happy holidays and good luck.

@ major resistance, ready for bounce back up to 125.4 or if breaks down to 122.656.

At the moment, I'm looking forward for a potential of bullish continuation trend scenario either to perform corrective wave b in aqua or impulse wave v in yellow. A strong bounce would bolster to this scenario. Otherwise, I believe we may see another bearish continuation trend scenario perhap to complete corrective wave c in white. Good luck.

Last week I noticed:

That such candle setups where the plunge begins below the Tenkan-sen (Ichimoku) or turning line and Kumo (cloud) with some distance typically saw a 15pip pop, with only one loser out of many many I eyed (I think it was 12~).
I think the move following this candle formation was powerful enough that USDCAD falls below par oil rolls over $100 AUDUSD hits 1.05 and GBPJPY tries ¥130. This was a clean slice to the upside, hopefully the downside is limited.

#edit: the loser assumed 40pip SL~ [I think the rolling tally was +80, I did this research over the weekend along with my usual research]

At the moment, market just performed a bearish continuation trend scenario either refering to the alt counts in white, yellow or aqua. A valid formation of "diagonal triangle" pattern in white would bolster to a potential of bounce scenario either refering to the alt counts in white or yellow. Otherwise, we may see another strong bearish continuation trend scenario in aqua. Good luck.

Most of the move last session was because the Italian 10-yr yield leaped from 6.34% to 6.71%. A compression back to 6.5% would likely correspond with GBPJPY partial recovery.

Price currently having a go at the 122.00 level which appears to be quite key. Anyone watching?

Getting in closer and the price action looks bearish to me, especially the pin bars! A more convincing break and re-test will see me sell this pair.

been looking at this pair and it seems to be struggling to get up to 122.... have entered a small short at 121.80.... tp 121.30

Yea, it seems to have slowed down now. Im going to wait for london to open again tomorrow then have another look at it.

At the moment, I'm lookinf forward for a potential of either bullish retracement trend scenario in white or a bullish reversal trend scenario in yellow. A bounce from either bearish continuation critical line 1 or 2 would bolster to this scenario. Good luck.

seen the double bottom from last week around 120.88. Im not sure if this is a retracement or reversal so I'm targeting 38% around 122.00 which may also have 200EMA confluence if we get there

Look at usdcad... double top... correlation between both pair ranges from -86 to -40.

long at 120.98 sl 120.80
lets see what happens

At the moment, I'm believe market in progress to perform either a bullish reversal trend scenario in aqua or a bullish retracement trend scenario in white. Otherwise, we may see a "bear trap" scenario in yellow. Good luck.

Preferably, I'm looking forward for a good potential of bullish trend either to complete subcorrective wave a in yellow (Bear Trap) or subwave 4 in white. A breakout to the upper yellow trendline and pivot critical line would bolster to this scenario. Good luck.

g/j bo of its channel, long this pair but i hate it because is the last day of the week.

could become a butterfly