SteveNixon
Long

Pound/Yen Forecast for May/June

FX:GBPJPY   British Pound / Japanese Yen
157 0 5
I'm looking at this as a corrective retracement of the previous downward impulse.
I've drawn a speculative channel and inserted a few fib retracements and extensions
Given that it's correcting the previous move I would expect to at least reach the 38.2 fib retracement
If the channel is true we could also see a 50% fib retracement.

Naturally price will not go straight up so expect corrections along the way.

I will update this chart as and when I see trading opportunities so remember to follow to receive them.
You can also follow updates via twitter (link via my TV profile)

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve
Comment: I'm looking for a correction soon
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out