Gbp/jpy Technical Analysis

[jebatfx 1]

Salam,

Since nobody open this thread, so I decided to start this thread so everybody can share their knowledge and forecast about this cross pair.

At this moment, we have 3 possibilities which is :-

1) Wave 4 is completed - wave 5 in progress favourably in yellow count.

2) Wave 4 is completed - wave 5 in progress favourably in white count.

3) Wave 4 still not complete - in cyan count

So, please becarefull until we can see the real trend later. Good luck.

Edited April 22, 2008 by Jebatfx

[jebatfx 1]

At this moment, the scenario still like my previous forecast (yesterday update #2). Please refer from BSTS 3 for any continuation signal and BSTS 2 before making any entry. Good lucks.

[Gigabyte 1]

Pening aku tgk graf tu, ko guna Indicator atau EA apa?

[jebatfx 1]

Pening aku tgk graf tu, ko guna Indicator atau EA apa?

tu semua manual bro, an elliot wave counting.

Edited April 23, 2008 by Jebatfx

[Gigabyte 1]

ye ke, ko trade mmg guna manual ke? kalau tau tgk guna elliot wave besh gak.

[jebatfx 1]

At this moment, its look like wave 4 still in progress and not complete yet. Is either favourable to count in cyan or yellow. Therefore, advisable to wait for signal from BSTS 3 and BSTS 2 for any bullish continuation signal later. Otherwise if the price break my retracement critical line, then we shall see a different scenario. Good luck.

[jebatfx 1]

At this moment, price moving inside my teal triangle and I’m waiting to see any breakout to determine which count is more preferable. I believed most probably wave 4 is a truncated wave and this could apply same to wave 5 later. Please do an analysis to BSTS 2 - Daily to assist you in having a bigger pictures what is the next major trend would be. Please wait for a good signal from BSTS before making any entry. Good luck.

[jebatfx 1]

At this moment price looks like going to make a breakout to the lower teal triangle. Either its a true or false breakout, we only can determine later. I came out with new alternate count which is in magenta. So its better to wait for a real trend to be unfold and any good signal from BSTS either a bullish continuation or a bearish reversal. Good luck.

[jebatfx 1]

At the moment, please study all possible count (yellow, white and magenta). Please be extra carefull if wave 5 is truncated later. Only make an entry, if there is a good signal from BSTS (bullish continuation or bearsih reversal later).

Tips : Monitor signal from BSTS 3 later and entry confirmation from BSTS 2.

Good luck.

[jebatfx 1]

At this moment, I believed market in subwave iii in wave 5. Either wave 5 is truncated wave (yellow) or an impulsive wave (white), I can only determine later. Preferable to monitor any bullish continuation or bearish reversal signal from BSTS later. Please wait for a good signal from BSTS before making an entry. Have a nice weekends.

[jebatfx 1]

Market in small retracement phase at the moment. Unless the price break the pivot point, I believed there will be a bullish continuation later to complete wave v and 5. Looking forwards for a wave 5 truncated later unless the price break my bullish continuation critical line 4. Good luck and happy weekends.

[jebatfx 1]

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

Chart 1H - Please study all the 3 possibility wave counts (yellow, white & magenta) and try to analyze which one is more preferable. If there is a bullish continuation, then we shall see either wave 5 is truncated (yellow) or an impulsive (white). Unless price break the retracement critical line which is favourable to magenta count, the bullish continuation scenario would still be valid.

Chart 4H - Unless there is a true breakout to the bullish continuation critical line 2, I believed most probably wave 5 will be a truncated wave scenario. Therefore please looking for a bearish reversal signal from BSTS later.

Chart Daily - Unless we see a true breakout to the upper lime trendline and later to the bullsih continuation critical line 2, I believed market preferably in magenta a b c counts to complete major wave b (yellow). Overall, last week daily pre market oveview chart forecast are still valid until this moment. Otherwise we may see a bullish continuation to complete wave c (white) and 4 (cyan) later.

Summary :-

Preferable, market in bullish continuation phase to complete wave 5 which is favourably a truncated wave..

Please looks for a bearish reversal signal from BSTS later once wave 5 is completed. Adviseable to wait for a complete triggered BSTS signal before making any entry. Good luck.

[jebatfx 1]

Unless the price break my bullish continuation line 3, I strongly believed wave 5 could be a truncated wave (yellow). Either the price will make a “double top†later, I can only determine soon. Therefore please looks for a bearish reversal signal later from BSTS if this scenario would still valid. Otherwise we may see a strong breakout to complete an impulsive wave 5 (white).

[jebatfx 1]

If truncated wave 5 already established (magenta) and the "diagonal triangle" (green triangle) pattern is valid, then I believed market is in bearish reversal trend. Otherwise, we may see another bullish continuation signal later on. Anyway, don't forget that tomorrow is a Showa day in Japan (holiday). Good luck.

[jebatfx 1]

At this moment, price already break my bullish continuation line 2. Unless the price make a strong true breakout to the bullish continuation line 3, the wave 5 truncated scenario would still be valid. A true breakout to the lower red trendline would bolster the bearish reversal trend scenario. Therefore please be extra carefull and please wait for any signal from BSTS 3 before making any entry. Good luck.

[jebatfx 1]

At this moment, price already break my lower red trendline. Unless the price make another bullish continuation and break my bullish continuation line 3, I believed a truncated wave 5 already completed and market in progress of bearish reversal trend to perform a corrective wave a, b & c later this week. Please wait for a complete signal from BSTS 3 and 3 before making any entry. Good luck.

Note : Today is a Showa day in Japan (Holiday)

[jebatfx 1]

As expected, I believed a bearish reversal trend already began since the price already break my retracement critical line (magenta) and at the moment, the price already hit my TP 2. A pull back to complete wave b after subwave v in wave a is completed would bolster this scenario as long the previous high at bullish continuation line 2 still intact before another series of downtrend movement to complete wave c. At this moment, either we shall see a retracement to complete subwave iv before another downwards to complete subwave v (as long my retracement critical line in cyan still intact) or another continuation to perform an extension for subwave iii. Please study the a, b & c alternate counts in yellow and magenta. Good luck.

Tips :

1) Please look for a continuation for subwave v after subwave iv is completed.

2) And later a reversal signal for wave b from BSTS after subwave v is completed further later on.

[jebatfx 1]

Until now, market in bearish continuation (subwave wave iii extension). Either there will be another bearish continuation or market will start a retracement to perform a subwave iv, I can only determine later. Please study all alternate counts and focus on BSTS 3 for any signal later. Make sure to wait a confirmation from BSTS 2 later before making any entry. Good luck.

[jebatfx 1]

I believed market in retracement phase to complete subwave iv. Unless the price make a breakout to the retracement critical line in cyan, preferable there will be another bearish continuation to complete subwave v. Please look for a bearish continuation signal after completion of subwave iv and later a bullish reversal signal preferably to perform wave b after completion of subwave v from BSTS later. Good luck.

[jebatfx 1]

At this moment, price inside my small teal corrective triangle. I believed price in progress to perform subwave c and wave iv later today. Otherwise we may see a price progress following the white count. Please make an analysis to all possible alternate counts (yellow, magenta & white) and fills in your checklist before deciding which preferable entry to take later. Good luck.

[jebatfx 1]

At this moment, price already break my upper green trendline. I believed market in progress to complete subwave iv. Expecting there will be another bearish continuation later to complete subwave v and a (if yellow count is valid) once subwave iv is completed with condition the cyan retracement critical line still intact. But please study alternate count in magenta and white. Please look for any bearish continuation signal from BSTS later. Good luck.

Edited April 30, 2008 by Jebatfx

[jebatfx 1]

At this moment price already break my retracement critical line. Therefore, favourably the cyan downtrend subwave is considered to be completed. So we have 2 possibility wave count which is in yellow or white. Please be extra carefull for next possible market trend. Good luck.

[jebatfx 1]

Unless the bullish continuation line 2 & 3 is taken, I believed market in wave b (yellow) and expecting to see another major bearish trend later this week. Otherwise we may see a strong bullish continuation according to white count. Advisable to look for an entry signal from BSTS 3 but make sure to wait for an entry confirmation from BSTS 2. Good luck.

[jebatfx 1]

Please analyze all 3 possible counts. Preferably, as long the bullish continuation line 2 & 3 still intact, I believed there will be another bearish trend later. A completion of subwave a b c in cyan would bolster this scenario. Otherwse we may see another bullish continuation trend later. Therefore, please look for a bearish trend signal or another bulish continuation signal later from BSTS.

[jebatfx 1]

At the moment, price already touch the lower trendline. Either there will be a bearish continuation, I can only determine later. Please study both alternate counts which is the downtrend subwave counts in cyan and the white count. As long the bearish critical line still intact, I believed there will be a major bearish trend later. Otherwise, we may see a bullish trend later according to the a, b & c in white count. Preferable to wait for a bearish continuation signal later from BSTS as long the scenario still valid. Good luck.