Retest awaiting confirmation RESISTANCE THEN WAIT FOR A TURNAROUND OR A BREACH OF RESISTANCE. 1) IF THE PRICE WE CAN BREAK RESISTANCE TO GO IN LONG 132,008. 2) IF THE PRICE RESISTANCE bounces off we can take TP1 125.30 and TP2 127.35 ..
This short is based on the current price action and Clone levels. I had shorted this at 131.90 with stoploss at 132.5 , i will be adding more at the break of 131.38 area for the target of 130.33 Clone levels : For Upside: 132.5-132.95-133.48 For Down : 131.9-131.38-130.85-130.33 Note: this is not a trade signal , please do ur due diligence before placing the trade.
GBPJPY continuation uptrend up +- 140.000 Strategy to trade: Buy low - never Sell long
50 Delta ATM Volatilities: USDJPY - - $Yen has an ATM implied volatility curve of 55.95%mrkt 24.08%1wk 18.31%2wk 14.12%1m - Obviously we are aggressively steeper in the front end, with BOJ tomorrow and JPY MOF Fiscal Package details coming next week providing heightened vol for the 1day and 1wk vols - naturally we then see the curve tail off as the event...
GBPJPY 1.618 Extension support
Hi there! Here we have a nice very BIG bullish cypher Pattern completion. For those of you who got into the trade very late like myself then this will be a nice RISK:REWARD situation right here. Good Trading!
Chart shows that the price is on its way to completing the third wave up. Sell the third wave down.
This pair was all bearish this whole week and many traders suffered losses trying to go long. Anyway I am expecting this pair to go to 180.130 as my TP point and then let it go a little lower before I go bullish again all the way to test the last highs. My methods are simple and easy to understand. Only money as results. Happy pipping...
Downward break of the triangle can start a Wave 5. Expected completion of Wave 5 can be around 191.1ish.
As long as the bearish trend line holds the price we can expect the GBPJPY to continue lower. There is a potential double wave up correction, forming on the H1 chart. We should follow the up trend line and most recent support for a break. If successful we may consider going short.
This should keep yen pinned down in medium term. Risk aversion has kept yen propped but that will soon subside. GBP side - we will start seeing more chatter to roll in for possible rate hikes from BOE. Data strength and case is building. Technical: GBPJPY has been selling for no particular reason minus Risk Aversion. Strong bounce off the 50 dma.