Gbp vs Jpy 1H Update #1

At this moment, price already touch 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.

Gbp vs Jpy 1H

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.

Gbp vs Jpy 1H Update #3

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.

Gbp vs Jpy 1H Update #2

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.

Gbp vs Jpy 1H Update #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 downtred 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.

Gbp vs Jpy 1H

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 2 and 3 before making any entry. Good luck.

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

Gbp vs Jpy 1H Update #2

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.

Gbp vs Jpy 1H Update #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. A breakout to the lower red trendline would bolster this point of view. 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.

Gbp vs Jpy 1H

Unless the price break my bullsih 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).

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. Advisable to wait for a complete triggered BSTS signal before making any entry. Good luck.

Gbp vs Jpy 1H Update #2

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.

Gbp vs Jpy 1H Update #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.

Gbp vs Jpy 1H

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.

Gbp vs Jpy 1H Update #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

Gbp vs Jpy 1H

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.

Gbp vs Jpy 1H Update #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.

Gbp vs Jpy 1H

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.

Gbp vs Jpy 1H Update #2

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.

Gbp vs Jpy 1H Update #1

I’m still waiting for a bullish reversal signal from BSTS. Therefore, I indicates the suggested possible bullish reversal count for wave 5 later if VALID which is either the cyan or magenta count. Please make a long entry only if there is a good signal from BSTS. Otherwise, we may see further bearish continuation later. Also just to remind, wave 5 could be a truncated wave (yellow/magenta count). So its not necessarily if the price start to bullish soon, it will follow the white/cyan count. Good luck.

Gbp vs Jpy 1H

At this moment, we have 2 main possibility which either this downtrend refering to wave 4 or just only a. The strength and volume preferably indicates for wave 4 but it just look to simple for wave 4. But overall, unless the retracement critical line is taken, this wave 4 scenario would still be valid. Expecting for a bullish reversal signal later from BSTS for wave 5. Please take notes for all the critical lines. Good luck.

Gbp vs Jpy 1H Update #1

At this moment, price moving downwards performed a bearish trendline channel. Therefore, got 2 possibility which is either abc in magenta or abc in cyan. I’m waiting for a bearish continuation or a bullish reversal signal from BSTS. Tips -Please wait for a complete bullish reversal signal from BSTS before making any entry later. Good luck.

Gbp vs Jpy 1H

Unless we have a true breakout to the bullish continuation line 4, I believed we shall see a retracement phase to complete wave 4 and later a bullish continuation to complete wave 5 for this week with condition the retracement critical line is not been taken. Please study all possible counts and my previous Pre-Market Overview post. Please wait a good signal from BSTS before making any new entry. Good luck for this week trading.

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

Chart 1H - Unless we have a true breakout to the bullish continuation critical line 4, I believed market in retracement phase to complete wave 4 before another bullish continuation to complete wave 5 and C. If this happen, we shall see either wave 5 is truncated (yellow) or another impulsive trend to complete wave 5 (white). But if later the price break my retracement critical line, then I need to re-counts again.



Chart 4H - Basically I divided the charts into 4 zones :-
1) Green Zones - Bullish Continuation Zones
Refering to either a wave 3 extension or wave 5 bullish continuation (white).

2) Teal Zones - Retracement Zones
Refering to corrective phase to complete wave 4 as long the retacement critical line is not taken. Expected once wave 4 is establish, we shall see a bullish continuation to complete wave 5.

3) Maroon Zones - Bearish Reversal Bias
Only considered once the retracement critical line is taken.

4) Red Zones - Bearish Continuation (Reversal Confirmation)
Only considered once the bearish continuation critical line 1 is taken.

** Please take notes that wave 5 could be a truncated wave (yellow) or an impulsive wave (white).



Chart Daily - Please study all alt counts (yellow, white & cyan) and I can only determine which counts is more favourably later.

Summary :-

Preferable, market in retracement (corrective) phase to complete wave 4 before another bullish continuation to complete wave 5.

Wave 5 could be a truncated wave or impulsive wave.

Please looks for a wave 4 retracement signal and later a wave 5 bullish continuation signal from BSTS. Adviseable to wait for a complete triggered BSTS signal before making any entry. Good luck.