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maxw3st

GJ stalling its move down

Short
British Pound / Japanese Yen (FX:GBPJPY)  
maxw3st Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Gann
2
0
trendanalysis indicator gann
snapshot
GJ has failed to close below the 5/8 line 7 times now. This makes its current price an extended retrace down from the high. It could continue down and finish the current little wave, or reverse and turn higher. Early action this coming week should make it clear.
Trade active:
GJ should continue down having failed at the 50% line. Having missed the entry, I'l wait for it to finish the move down and get long at a later date.
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Trade active:
Trade active:
two opportunities to buy during this consolidation/accumulation action
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Trade active:
The swing up starts on cue…
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Trade active:
could be going for 142
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