Gbp/jpy Technical Analysis

[jebatfx 1]

[IMG]http://img12.imageshack.us/img12/6951/14july10931am4h.gif[/IMG]

[B]Gbp vs Jpy (4H)[/B] - I believed market just performed a "bull trap" scenario (false breakout) and looking forward for a 'pullback" to the downside. Otherwise, please be careful for any breakout towards the magenta critical line.

[IMG]http://img20.imageshack.us/img20/9654/14july10931amdailyaud.gif[/IMG]

[B]Aud vs Usd (Daily)[/B] - Preferably, I believed market in progress to perform a major corrective wave C either in magenta or white. Therefore, advisable to look for any good opportunity towards a bearish entry either refering to the alt count in magenta or white from BSTS later.

[IMG]http://img340.imageshack.us/img340/8461/14july10931amdailyucad.gif[/IMG]

[B]Usd vs Cad (Daily)[/B] - Favourably, I believed market will perform a bullish reversal trend scenario to complete 5 bullish wave structures either in yellow or white.Otherwise, please be careful for any breakout towards the yellow or white critical line. Good luck.

[jebatfx 1]

[IMG]http://img375.imageshack.us/img375/2523/15july101001am4h.gif[/IMG]

[B]Gbp vs Jpy (4H)[/B] - Preferably, I'm looking for another bearish continuation trend perhaps until the lower red trendline before expecting for any retracement trend to bolster towards the alt counts either in white or magenta scenario. Otherwise, please be careful for any bullish continuaiton trend scenario.

[IMG]http://img268.imageshack.us/img268/9539/15july101001amdailygu.gif[/IMG]

[B]Gbp vs Usd (Daily)[/B] - Favourably, I believed market will perform a "pullback" scenario either to perform corrective wave b in white or wave 5 in magenta. Otherwise, please be careful for any breakout towards the upper green trendline. But, please be careful for any 'bull trap" or false breakout scenario. Good luck.

[jebatfx 1]

[IMG]http://img831.imageshack.us/img831/9633/19july10950am4h.gif[/IMG]

Favourably, I'm looking forward market to perform a further bearish continuation trend scenario either refering to subwave count in white or aqua. Otherwise, please be careful for any possibility towards a strong bounce scenario from the lower red trendline.

[jebatfx 1]

[IMG]http://img830.imageshack.us/img830/7025/20july101019am1h.gif[/IMG]

At this moment, I'm expecting for another bearish continuation trend scenario either to perform a reversal sub-diagonal tirangle pattern in white or subwave v in magenta. A breakout to the S3 critical line would bolster to this scenario. Otherwise, please be more careful for any strong bullish trend and any breakout towards the upper white trendline or R3 critical line. Good luck.

[jebatfx 1]

[IMG]http://img835.imageshack.us/img835/9445/21july101037am1h.gif[/IMG]

Preferably, I believed just performed an "expanding flat" corrective pattern refering to the alt count in magenta. Therefore, I'm looking forward for a bearish continuation trend scenario perhaps to complete subwvae v in magenta. Otherwise, this scenario would be invalid if market further break the magenta critical line. Good luck.

[jebatfx 1]

[IMG]http://img7.imageshack.us/img7/3080/22july101017am1h.gif[/IMG]

At this moment, I'm looking forward market to further break the strong S3 critical line to complete subwave either in aqua, white or magenta. Please be careful for any strong bounce scenario later. Good luck.

[jebatfx 1]

[IMG]http://img16.imageshack.us/img16/23/23july10919am1h.gif[/IMG]

Gbp vs Jpy (1H) - At this moment, please analyse the latest possible alt counts and all critical lines. Favourably, I still looking forward market to perform a further bearish continuation trend scenario refering to the alt count in magenta.
A breakout to the pivot and S3 critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the magenta critical line.

[IMG]http://img63.imageshack.us/img63/8506/23july10919amdailygu.gif[/IMG]

Gbp vs Usd (Daily) - Preferably, I believed market just performed a "bull trap" scenario and I'm looking forward for another bearish continuation trend scenario either to complete the corrective wave b in white (double bottom) or wave 5 in magenta. Otherwise, please be careful for any further bullish continuation trend later.

[IMG]http://img441.imageshack.us/img441/7868/23july10919amdailyaud.gif[/IMG]

Aud vs Usd - I believed market in progress to complete major wave 2 either in white or magenta. Therefore, I'm expecting for a strong bearish continuation trend scenario later to perform a major wave 3 in C later. Please be careful for a "bull trap" scenario. Happy weekends and good luck.

[jebatfx 1]

[IMG]http://img231.imageshack.us/img231/6412/26july10942am1h.gif[/IMG]

At this moment, the alt count in magenta is already invalid. Therefore, I believed market in progress either to complete subwave 5 in white or subwave 3 in yellow. We may see a "double top" scenario either at the bullish continuation critical line 1 or 2 before expecting for any reversal (white) or retracement (yellow) trend scenario. Good luck. Edited July 26, 2010 by jebatfx

[jebatfx 1]

[IMG]http://img825.imageshack.us/img825/4451/28july10901am1h.gif[/IMG]

Please be noted that the previous alt counts in magenta and white is already invalid due to the strong bullish continuation trend. Therefore, at the moment, I'm looking for a bearish trend to be perform either to complete subwave a (magenta or white) or subwave 4 in yellow before expecting for another bullish trend to complete subwave b (magenta/white) or subwave 5 (yellow). Also, you can compare this similar structure to other pairs like GbpUsd, EurUsd and AudUsd. So, setup your best trading plan 1st before making further decission. Good luck.

[jebatfx 1]

[IMG]http://img97.imageshack.us/img97/7804/29july10848am1h.gif[/IMG]

At this moment, I believed market in progress to perform either a bearish reversal trend to complete subwave a,b and c in magenta or white OR subwave 4 in yellow. A breakout to the bearish continuation critical line 1 would bolster to this scenario. Quick Update - please be noted that, I'm also expecting Gbp/Usd, Eu/Usd and Aud/Usd in progress to perform a bearish reversal trend scenario. Good luck.

[jebatfx 1]

[IMG]http://img138.imageshack.us/img138/937/30july10811am1h.gif[/IMG]

At this moment, I believed market in progress to complete subcorrective wave c either in white or magenta. Please be careful for a bounce scenario perhaps to perform a right shoulder for a typical H and S pattern refering to the alt count in magenta. Otherwise, please be careful for any strong bullish continuation trend perhaps to complete subwave 5 in yellow. Happy weekends and good luck.

[jebatfx 1]

[IMG]http://img34.imageshack.us/img34/1554/02august101003am1h.gif[/IMG]

[B]Gbp vs Jpy (1H)[/B] - At this moment, I'm looking forward for a valid H and S reversal pattern refering to the alt count in white scenario. A pullback from the R3 critical line would bolster to this scenario. Otherwise, we may see another bullish continuation trend either to complete a double top subcorrective b in magenta or subwave 5 in yellow.

[IMG]http://img839.imageshack.us/img839/6087/02august101003am4heu.gif[/IMG]

[B]Eur vs Usd (4H)[/B] - Preferably, I'm expecting towards a bearish reversal trend either to perform a double bottom of corrective wave b in magenta or wave 5 in yellow. A valid diagonal triangle reversal pattern and a breakout towards the lower yellow trendline would bolster to this scenario. Otherwise, we may see a "bull trap" pattern (false breakout) at the upper yellow trendline. Good luck.

[jebatfx 1]

[IMG]http://img805.imageshack.us/img805/1156/03august10835am1h.gif[/IMG]

[B]Gbp vs Jpy (1H)[/B] - Please be noted that the previous H and S pattern (white) was already invalid. Favourably, I'm looking forward for an opportunity towards a "double top" reversal pattern refering to the alt count in magenta. Otherwise, we may see another bullish continuation trend to complete subwave 5 in yellow.

[IMG]http://img210.imageshack.us/img210/9109/03august10835amdailygu.gif[/IMG]

[B]Gbp vs Usd (Daily)[/B] - Preferably, I'm looking forward for a bearish reversal trend to perform corrective wave b either in yellow or white. I believed market just performed a "bull trap" scenario.

[IMG]http://img838.imageshack.us/img838/3734/03august10835am4heu.gif[/IMG]

[B]Eur vs Usd (4H)[/B] - I believed market just performed a"bull trap" scenario to complete either corrective wave a (magenta) or wave 4 (yellow or white). Therefore, I'm looking forward for a bearish reversal trend scenario later within this week.

[IMG]http://img580.imageshack.us/img580/3183/03august10835amdailyaud.gif[/IMG]

[B]Aud vs Usd (Daily)[/B] - At this moment, I'm looking forward for a major bearish reversal trend scenario either refering to the alt count in white or magenta. Otherwise, please be careful for any bullish continuation trend scenario perhaps to complete corrective wave B in magenta ("Triple Top"). Good luck.

[B]Summary - I believed bullish trend in GbpJpy, GbpUsd, EurUsd and AudUsd was already exausted so therefore I'm looking towards a bearish opportunity later. [/B]

[jebatfx 1]

[IMG]http://img541.imageshack.us/img541/3513/04august101135am1h.gif[/IMG]

Favourably, I believed will perform a bearish reversal trend scenario either in magenta or white alt counts. A further bearish continuation trend scenario would bolster to the alt count in magenta scenario otherwise please be careful for any possible bounce scenario perhap to perform subcorrective wave b in white. Good luck.

[jebatfx 1]

[IMG]http://img823.imageshack.us/img823/9464/05august10859am1h.gif[/IMG]

At this moment, I'm looking forward for a possible "triple top" bearish reversal scenario refering to the alt count in white. Otherwise, I believed market will perform a "bull trap" scenario refering to the alt count in magenta. Good luck.

[jebatfx 1]

[IMG]http://img571.imageshack.us/img571/2489/06august10909am1h.gif[/IMG]

At this moment, I'm looking forward for a further bearish trend to perform subcorrective wave c in white. Otherwise, please be careful for a breakout towards the white critical line. Note - I'm looking forward for NFP data release tonight would push GbpJpy, GbpUsd, EurUsd and AudUsd to perform a bearish trend (UsdCad - bullish). Happy weekends and good luck.

[jebatfx 1]

[IMG]http://img814.imageshack.us/img814/4635/09august10929am1h.gif[/IMG]

[B]Gbp vs Jpy (1H)[/B] - Favourably, I'm looking forward for a breakout towards the lower red trendline to perform corrective wave c in white. Otherwise, please be careful for any breakout towards the upper green trendline.

[IMG]http://img708.imageshack.us/img708/5354/09august10929am4heu.gif[/IMG]

[B]Eur vs Usd (4H)[/B] - I believed market just performed a "bull trap" scenario and therefore, I'm expecting towards a bearish reversal trend scenario either to perform wave 5 (yellow or white) or corrective wave b (magenta).

[IMG]http://img841.imageshack.us/img841/7858/09august10929amdailyaud.gif[/IMG]

[B]Aud vs Usd (Daily)[/B] - Preferably, I believed the bullish trend is already exausted and therefore, I'm looking forward for a bearish reversal trend scenario to perform major corrective wave C in magenta. Otherwise, please be careful for any "bull trap" scenario. Good luck.

[jebatfx 1]

[IMG]http://img72.imageshack.us/img72/901/11august10609am1h.gif[/IMG]

[B]Gbp vs Jpy (1H)[/B] - At this moment, I believed market in progress to perform a bearish reversal trend scenario to complete the subcorrective wave c either in white or magenta. Please be careful towards any strong bullish retracement trend scenario perhaps to complete subwave b in magenta or 5 in yellow.

[IMG]http://img180.imageshack.us/img180/322/11august10609am4heu.gif[/IMG]

[B]Eur vs Usd (4H)[/B] - At this moment, I'm looking forward for a valid "H and S" bearish reversal pattern. Please be careful for any bullish trend either to perform subwave b or ii later. Happy ramadan to sll muslim and good luck.

[jebatfx 1]

[IMG]http://img651.imageshack.us/img651/2621/12august10315pm1h.gif[/IMG]

At this moment, I believed market in progress to complete subwave iv either in white or magenta before expecting for another bearish continuation trend scenario. Otherwise, this scenario would invalid if market further break the magenta/white critical line. Good luck and "selamat berbuka puasa".

[jebatfx 1]

[IMG]http://img828.imageshack.us/img828/4856/13august10904am1h.gif[/IMG]

At this moment, please be extra careful for any possibility towards a truncated and bullish reversal scenario refering to the alt count in yellow. Favourably, I'm looking forward for another bearish continuation trend scenario to complete subwave 5 either in white or magenta. Happy weekends and good luck.

[jebatfx 1]

[IMG]http://img831.imageshack.us/img831/1381/16august101107am1h.gif[/IMG]

Gbp vs Jpy (1H) - At this moment, I'm looking forward market to make further bearish continuation trend scenario to complete subwave 5 before expecting for any bullish trend. A breakout towards the bearish continuation critical line 1 would bolster to this scneario. Otherwise, please be careful for any breakout towards the pivot critical line.

[IMG]http://img530.imageshack.us/img530/7084/16august101107am4heu.gif[/IMG]

Eur vs Usd (4H) - At this moment, I'm looking forward for a bullish retracement trend scenario to complete wave b in white (right shoulder of the H & S pattern) before expecting for another strong bearish continuation trend scenario. Otherwise, we may see either an extension of wave a or a "double top" wave b scenario. Good luck.

[jebatfx 1]

[IMG]http://img819.imageshack.us/img819/6049/17august101006am1h.gif[/IMG]

[B]Gbp vs Jpy (1H)[/B] - At this moment, I'm looking forward market to perform further bearish continuation trend scenario to complete subwave 5 either in magenta or white. Otherwise, please be careful for any breakout towards the upper green trendline.

[IMG]http://img5.imageshack.us/img5/2630/17august101006am4heu.gif[/IMG]

[B]Eur vs Usd (4H)[/B] - At this moment, a breakout towards the upper yellow trendline would indicate that we may see a strong bullish retracement trend scenario perhaps to complete corrective wave b either in white or yellow (double top). Otherwise, if the bearish continuation critical line 1 is taken, then I believed market already in progress to complete subwave v in aqua.

[IMG]http://img69.imageshack.us/img69/701/17august101006amdailyau.gif[/IMG]

[B]Aud vs Usd (Daily)[/B] - Preferably, I believed market in progress to perform a major bearish reversal trend scenario to complete the major corrective wave C either in white or magenta. Advisable to look for any opportunity to short again from BSTS once the market perform any bullish retracement trend scenario. Good luck.

[jebatfx 1]

[IMG]http://img580.imageshack.us/img580/9711/18august101106am1h.gif[/IMG]

Favourably, I believed market in progress to complete subwave 5 in white. Otherwise, please be careful for a truncated subwave 5 scenario refering to the alt count in magenta or any strong bounce scenario from the lower red trendline. Good luck.

[jebatfx 1]

[IMG]http://img63.imageshack.us/img63/898/19august101104am1h.gif[/IMG]

At this moment, its better to wait for the market to unfold 1st before making any further decission. A valid "diagonal triangle" bullish reversal pattern would bolster towards the alt count in yellow scenario to perform corrective a, b and c. Otherwise, I'm looking forward for a valid "descending triangle" bearish continuation pattern which would bolster towards the alt count in white scenario. Good luck.

[jebatfx 1]

[IMG]http://img811.imageshack.us/img811/4801/20august10945am1h.gif[/IMG]

At this moment, a breakout to the yellow critical line would indicate that we may see another bearish continuation trend scenario to complete either subwave v in magenta or white. Otherwise, a breakout to the magenta/white critical line would indicate that market may already in bullish reversal trend scenario to perform subcorrective wave c in yellow. Happy weekends and good luck.