Announcements - Official Website Lauching

I would like to announce that Jebatfx Blog will be upgraded to our new official Asia Fx Traders website. Starting by this Monday (31/03/08), all forecast will be updated ONLY in our official website. I would like to thanks to all visitors for their support and hereby invited all to visit our new website.

Asia Fx Traders new website at http://www.asiafxtraders.com/

Sorry for the inconvinient. Lets hope better for the future.

regards.
Jebatfx

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

Chart 1H - At this moment, price showing a bearish continuation trend to complete wave V and 5. A breakout to the bearish continuation critical line and later to the bullish critical line 1 would bolster this point of view. Otherwise we might see another retracement continuation if the price bounds back at the double bottom zones later. Look for any bearish continuation signal or reversal retracement signal from BSTS later.

Chart 4H - Watch closely for any breakout to those critical lines as stated above before making any decission.

Chart Daily - In daily charts, we can see clearly the price already at the critical line (yellow rectangle zones) for a bearish continuation to complete wave 5 and V. A true breakout will bolster a bearish continuation scenario. Otherwise, thhe price might bounds back for last retracement continuation. Please correlate all this forecast details with BSTS signal to help you in making decission of any entry. Be wise and patient. Good luck for next week.

Gbp vs Jpy 1H Update #1

At this moment price still in the corrective teal triangle zones. Its better to wait for any true breakout 1st before making any conclusion. I believed the price will going up either to complete wave 5 and IV (magenta) or to complete wave 2 for major downtrend (cyan a b c). So its very high risk to make any entry at this moment. Please wait for any reversal signal from BSTS 3 and BSTS 2 before making any decission. Good luck and happy weekends.

Gbp vs Jpy 1H

At the moment, I believed the price will going upwards again to complete either wave 5 and IV (magenta) or wave c (cyan) before start to reverse for a bearish continuation later. As long the major red trendline stay intact, this scenario will be valid. Otherwise if we see a true breakout later to this major red trenline, then it can be considered a bearish continuation trend is already begin and all the previous scenario already become invalid. Please wait for a good reversal signal from BSTS later. Good luck.

Gbp vs Jpy 1H Update #3

I believed wave 4 (cyan) just completed and the price will going upwards to complete wave 5, c and IV. Unless if the retracement continuation line and further the lower red trendline is taken, this scenario wouls still be valid. So carefully watch your margin and good luck.

Gbp vs Jpy 1H Update #2

As expected, the price performed a double bottom before start to make a bullish retracement trend. If the price keep going upwards and break the top green trendline, we might having a wave 3 extansion. Please move your sl and check your tp. Good luck.

Gbp vs Jpy 1H Update #1

Although the price already break the red trendline, but from my point of view, it might be performing a "double bottom" before starting to upwards to complete the bullish retracement trend. But, otherwise if its a true breakout, this scenario already become invalid and we shakk see a bearish continuation trend later on. Good luck.

Gbp vs Jpy 1H

At this moment price still stay above my red lower trendline which is bias for a bearish continuation if the point is taken. But as long the price move upwards and stay above this line, preferable for another bullish retracement to complete wave IV and c. A breakout to the retracement continuation line would bolster this scenario. Please refer to the magenta and cyan count. Please wait for a good signal from BSTS before making any new entry. Good luck for today. Preferable - another bullish retracement if the retracement continuation critical line is taken.

Gbp vs Jpy 1H Update #1

At the moment, the price already in bearish trend but for me, its still not showing a good characteristic as major bearish continuation trend. Unless the price once again going downwards and break my retracement critical line, I believed the price will going upwards again to complete wave IV and c. Have a nice day.

Gbp vs Jpy 1H

I'm looking for a strong true breakout, favourable to the lower red trendline for a bearish continuation trend scenario. At the moment, although I'm more favourable for a bearish continuation but so far, the price still standing strong at the top zones. We need to be patient and emosionally, wisely control our trades and margin. Please entry when there are good/complete signal from BSTS and make sure you put SL. Have a nice day.

Gbp vs Jpy 1H Update #3

At the moment, price continue to retrece back and perform a small double top. Price already near the top of the upper teal triangle trendline and shows a strong comeback maybe to further retrace upwards There is 3 possibility scenario at the moment which are :-

a) Price will going upwards until the previous top to establish the bigger double top or maybe abit higher to complete wave 5 and IV.(count in magenta)

b) While the 2nd scenario would be price will start perform the major bearish continuation to complete wave V and C.(count in cyan)

c) All count will become invalid if the price break the major bearish critical line and major trend already change to bullish.(count in white)

Preferable - wait for a BSTS 2 and 3 bearish continuation signal.

Gbp vs Jpy 1H Update #2

It's still not much clear whether wave 5 and IV already completed or not. I believed the real trend will be unfold after a true breakout either to the upper green trendline or to the lower red trendline. There is 2 possibility for market conditions at the moment :-

a) short term - bullish retracement continuation (the signal is getting weaker)

b) mid term - bearish continuation (the signal is getting stronger)

Adviseable better to wait a signal for option b.

Gbp vs Jpy 1H Update #1

I believed a bullish retracement scenario will be over soon unless we have a true breakout to the bearish critical line and later at the major bullish reversal line. The price could go upwards again to complete the unfinished wave 5 nd IV or its already established. At this moment, I'm still looking for a very good reversal signal from BSTS to confirm the bearish continuation trend later on. Good lucks.

Gbp vs Jpy 1H

At the moment, price still inside a small teal corrective triangle. I believed the price will make another retracement continuation to complete wave IV, 4 and c (magenta/double top ?) before starting to make a reversal downtrend to complete wave V (magenta). Or it can straight away a reversal DT if the price break the major lower red trendline. Another senario is it could be in wave count in white where is the price already in major Bullish Reversal Trend. This only will be confirm IF the price make a true breakout at my major bearish critical line. Preferable - retracement continuation before a major bearish continuation. Tips - wait for a complete bearish continuation(reversal) signal from BSTS later. Have a nice day.

Gbp vs Jpy 1H Update #2

Finally, a retracement continuation trend is confirmed. I believed the price maybe will retrace until fibo 61.8% or a bit more to perform a double top later before start to going down again to complete wave 5 and C. Unless the major bearish critical line is taken, this scenario would stay valid. Please look for a reversal signal from BSTS later. Good luck.

Gbp vs Jpy 1H Update #1

At this moment, price already made a breakout to the upper trendline of the corrective teal triangle. Therefore its a favour for a retracement continuation trend. A breakout to the retracement continuation line would bolster this idea. Otherwise if the price break the bullish critical line 1, this scenario would be invalid. Have a nice day.

Gbp vs Jpy 1H

I'm waiting for a true breakout to the upper teal triangle trendline for a retracement continuation scenario. Otherwise if the price break the lower red trendline, this will favour for a bearish continuation trend. Preferable - retracement continuation. Please look for any good signal from BSTS before making any entry. Good luck

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

Chart 1H - At this moment, I'm still waiting for a breakout to the upper teal triangle trendline for a retracement continuation scenario. Otherwise if the price break my bullish critical line 1, a bearish continuation scenario is more favourable to happen. Please wait for a complete signal from BSTS before making any entry. Preferable - magenta count once the price break the upper teal triangle trendline.


Chart 4H - A breakout to the upper teal triangle trendline and then later to the retracement continuation line would bolster the alt wave count 3 to perform a wave iv in magenta. Otherwise a breakout to the lower red trendline will favour for a bearish continuation trend.

Chart Daily - Watch closely the lower red trendline. As long the price stay inside the green triangle zones, a retracement continuation scenario to perform wave 4 (magenta) would still be valid. Otherwise if the price break the lower red trendline and enter the red triangle zones, this scenario would be invalid and a bearish continuation would take place. Good lucks.

Gbp vs Jpy 1H Update

At this moment, price already at my critical bearish trendline. Until now, the bullish retracement continuation still valid (magenta). From BSTS, I could see a favourable bullish signal but still need to be confirm later. Otherwise, if the price break my bullish critical line 1, a bearish continuation could be to consider to complete wave 5 and C (white or yellow). Have a nice weekends and good lucks.

Gbp vs Jpy 1H

I believed the price will once again perform a bullish retracement to complete wave iv, c & 5 (magenta count). As long the price move and stay inside the green zones, this scenario would still be valid. But please look at into the other 2 possibility wave count (yellow & white). Please hold your early morning long entry by moving the SL according to the price movement and look for any bullish retracement continuation signal or bearish continuation signal from BSTS later. Good luck trading and happy weekends.

Gbp vs Jpy 1H Update

Its still unclear so far which direction the price will go. Therefore, I came out with 3 alt wave count, which are :-

1) Bearish Continuation (yellow)

2) Bearish Continuation with truncated wave 5 (white)

3) Bullish Retracement (magenta)

From my point of view, more favourable towards option #3. Please watch closely BSTS 2 - TF 15, 30, 1H & 4H before making any entry. Good lucks.

Gbp vs Jpy 1H

At the moment price already at the bullish critical 1. This scenario indicates more favourable to bearish continuation trend, but I still need to wait for few a more confirmation aspect. Even BSTS also showing a mix signal which is I presumed its not a good time to make any new entry yet. For summary, hereby I would explain 3 possibilities scenario :

1) Price start to bullish again to complete the uncompleted wave iv ?

2) Price start to bearish continuation to establish a triple bottom to complete wave v & 5 (white) before going upwards again for a Bullish Reversal.

3) Price start to bearish continuation to complete wave v & 5 (yellow).

Please becarefull before making any entry. Have a nice day.

Gbp vs Jpy 1H Update #4

At this moment, price moving towards the critical zones which are more bias for bearish scenario. Its look likely wave iv already established but its still unclear unless we have a good breakout into red triangles zones. Please make a revission about all the possible counts and watch closely those critical lines. Just wait for everything to be unfold 1st.

Gbp vs Jpy 1H Update #3

There is 2 possibility wave count at the moment. Its still unclear which is the major trend later. The price still in correctice zones and I need to wait for a strong breakout to confirm. Please always remember that wave 5 (cyan) could be a truncated which is either will establish a "double top" or lower then wave 3 high. Better to stay out from market unless the price approaching any critical line later. p/s wave 4 in iv always the hardest market phase to predict.

Gbp vs Jpy 1H Update #2

At this moment market in corrective phase (small teal triangle). Until now, wave count in yellow still valid unless the price break the bearish continuation line. So watch closely which breakout will take place later. Good luck.

Gbp vs Jpy 1H Update

I believed wave 3 already completed and market in retracement phase for wave 4 before going upwards again to complete wave iv, c and 5 which is I presumed would be a truncated pattern later. Unless the price break the major bearish critical line, this scenario would still valid. Please study all the critical lines, the three triangle zones and wait for a complete signal from BSTS before making any entry. Preferable - retracement wave 4 before upwards again to complate wave 5. Tips - look for any BSTS3 signal at TF 4H later. Good luck.

Gbp vs Jpy 1H

At the moment, the price already hit my TP2 and I believed it will start to retrace to complete wave 4 later. Unless the the price break the bullish reversal critical line 1, this scenario would still be valid. Please look at BSTS3 - 4H before making any entry. Good luck

Gbp vs Jpy 1H Update #1

I believed the price in wave 3 extansion and maybe will reach fibo 50% or 61.8% later. There is nothing much to explain here except just hold your long entry until got BSTS close signal. Good luck.

Gbp vs Jpy 1H Update

I believed price is on the move to complete wave 3 in wave iv retracement. As long the price move along inside the green zones and no "double top" pattern", this idea would still be valid. So just move your SL and lock your target. Please close once you see any close signal from BSTS. Good luck.

Gbp vs Jpy 1H

At the moment, price moving inside the teal correction triangle. I believed maybe the price will perform a triple bottom later before going upwards again to complete wave 3 4 5 c and iv. Otherwise if the bottom bearish continuation critical has been a true breakout, the we may seems to see a beraish continuation to complete wave V and 5. Preferable - Retracement to complete wave iv. Please be patient and wait for a complete signal from BSTS before making any entry. Good luck

Gbp vs Jpy 1H Update #3

At this moment, I believed a prelimenary "double bottom" has just been established. Most probably this critical bottom will be tested again later. The price will retrace to complete wave iv, by make 1 2 3 4 5 subwave later. Unless the bullish critical line 2 has been taken, this scenario would still be valid. Good luck.

Gbp vs Jpy 1H Update #2

I believed, retracement will start anytime from now. As long the price did not enter the red rectangle, this scenario would still be valid. I believed the price will start making a b c inside the teal rectangle later. Otherwise if the price make a true breakout into the red rectangle zones price, this whole idea will be invalid. Preferable - Retracement for wave iv

Gbp vs Jpy 1H Update

At the moment, we have a wave iii expansion (bearish continuation) and I'm still waiting for a retracement signal from BSTS. BSTS shows a retracement phase is getting closer and please wait for a complete retracement signal from BSTS 2. Otherwise, we shall see another bearish continuation later. Good luck.

Gbp vs Jpy 1H

I believed the price will start to retrace in making wave iv soon. At this moment, the price still in strong DT but already shows some resistance to make any continuation. A breakout to the upper green trendline would bolster this idea. Please study carefully all the trendline, critical line and the alt count before you making any decission for an entry. Wait for a complete signal from BSTS 2 before making any entry. Preferable - Retracement.

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

Chart 1H - I believed the price will make a retracement/reversal later due to :-
1) a "Diagonal Triangle" pattern
2) an "Over-Throw" pattern
Otherwise we may see a bearish continuation later. I need to wait for a breakout and a signal from BSTS for a confirmation.


Chart 4H - The price shows a strong bearish trend and already hit the middle dotted yellow trendline. So, either there will be a retracement or a bearish continuation, can only be confirm later. Please study both wave counts and watch closely all the critical line.

Chart Daily- The price already hit the middle red dotted trendline. We may see a breakout later next week to complete wave 3 before make a retracement to complete wave iv. Please study both wave counts and watch closely all the critical line before making any entry. Please wait for a complete signal from BSTS before making any new entry. Happy weekends and good luck

Gbp vs Jpy 1H Update #4

Finally the price hit my TP2. Either there will be a bearish continuation or a retracement, we need to wait and see. I believed the price will downtrend until Fibo 161.8% before maybe a reversal (depends on whether got bearish continuation or not). If we look in details, we can see a "Diagonal Triangle" (red triangle) and a "Throw-Over" (green triangle) pattern, which is a sign for a reversal later on. But we need to wait for the price to complete wave iii, iv and v first before that senario could happen. So happy weekends and good lucks.

Gbp vs Jpy 1H Update #3

Market still in correction phase. A breakout to the pivot point would bolster bullish scenario. While a break out to the lower red trendline will give more confirmation towards bearish bias. So we need to wait and see which breakout will take place. Good luck.

Gbp vs Jpy 1H Update #2

At this moment, I decided again to categorizes the price into 3 zones which is :-
1) Green Zones - once the price enter this territory, the price is in bullish reversal bias.
2) Teal Zones - this is where the current price belong at the moment. The price still in retracement/correction phase.
3) Red Zones - once the price enter to this territory, the price is in bearish continuation bias.

Although, its slightly show a bit bias to bullish but its still unclear which one is the real major trend that will be take place later. Whoever that already made a long entry this afternnon according to BSTS signal, please move up your stop loss above your entry point. Good luck.

Gbp vs Jpy 1H Quick Update

Price once again touching the bearish continuation critical line. If the "Double Bottom" pattern in valid, we shall see a bullish reversal trend. Otherwise if the price make a true breakout, then we shall see a bearish continuation. Good luck

Gbp vs Jpy 1H

At this moment, I decided to categorizes the price into 3 zones which is :-

1) Green Zones - once the price enter this territory, the price is in bullish reversal bias.

2) Teal Zones - this is where the current price belong at the moment. The price still in retracement/correction phase.

3) Red Zones - once the price enter to this territory, the price is in bearish continuation bias.

Please watch closely all the critical lines and I would like to advise to wait for a very good signal from BSTS before making any entry.

Gbp vs Jpy 1H Update #4

Price already retrace until nearly Fibo 50% and going down at this moment. So either we shall see a bearish continuation later or just a small DT to complete wave 2 before starting a bullish reversal trend later. Please refer to the 2 possibility wave count given in the chart.

Gbp vs Jpy 1H Update #3

Price already make a breakout to the upper lime triangle trendline. So we have 2 possibility here which is a retracement or a bullish reversal. At the moment, its better to consider it as a retracement unless the price break the Fibo 61.8% which is also as my short critical line. Otherwise we may see a bearish continuation later on if recently breakout at the bearish continuation critical line is a true breakout. Happy trading.

Gbp vs Jpy 1H Update #2

At the moment, price moving inside the small triangle. So we shall need to wait and see for any breakout later. For a bullish reversal/retracement bias, the price must break both the lime trendlines while for a bearish continuation bias, favourable if the price break the lower red trendline. Watch closely both trendlines and signals from BSTS. Good luck.

Gbp vs Jpy 1H Update

At this moment the price already break my red critical trendline. If we looks at previous history, this is the fourth time the price trying to break the strong support line (bearish continuation critical line). Either it will succeed or not, we need to wait and see later. Please wait for any good signal from BSTS either Bearish Continuation or Bullish Reversal. Have a nice day.

Gbp vs Jpy 1H

At the moment, price already reached to my tp. So later we need to determine either a signal for Bullish Reversal or Bearish Continuation. Once the price enter the red triangle territory, we are in Bearish Continuation critical zone. Its still too early for me to say which one is more favourable. So please wait for a good signal either a Bullish Reversal or a Bearish Continuation from BSTS. Good luck.