I opened a short Yesterday 10:05pm 04/04/2019. So far so good. - Strong resistance - Oversold (determined by indicators) - Wicks (Struggling to push further upwards) - Positive yet subtle Brexit News *AS ALWAYS DO YOUR OWN WORK TOO*
The Breakout Opportunities system has just sold GBPJPY at 145.734. The system recommends entering this trade at any price between 145.449 and 146.378. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.258, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour...
The Tidal Shift Strategy has just sold GBPJPY at 145.915. The system recommends entering this trade at any price between 145.694 and 146.135. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.175, which suggests that the GBPJPY could be trending downwards.The 14-period Average...
GBP/JPY Potential drop to 50% Fibonacci retracement
looking for a pull back here for GBPJPY tHEN SHOULD RESUME BACK UP
GBPJPY is approaching our first resistance at 149.30 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 140.80 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5, 3) is also approaching resistance where we...
The Congestion Opportunities Strategy has just sold GBPJPY at 149.22. The system recommends entering this trade at any price between 148.912 and 149.528. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of -1.476 indicates that trader sentiment is not at...
GBPJPY is approaching our first resistance at 148.39 (long term descending resistance line, 100% Fibonacci extension, 61.8%, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 145.59 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance...
Sell below 145.64. Stop loss at 147.13. Take profit at 143.81. Reason for the trading strategy (technically): GBPJPY reversed off its resistance at 145.64 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 143.81 (38.2% Fibonacci retracement, horizontal swing low...
GBPJPY is testing its resistance at 146.10 (horizontal overlap resistance, descending channel resistance) where it could potentially fall to its support at 144.95 (78.6% Fibonacci retracement). Ichimoku cloud is showing signs of bearish pressure which contributes to our bearish bias.
GBPJPY is approaching its resistance at 148.17 (61.8% & 100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 145.63 (61.8% Fibonacci extension, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
EURJPY is approaching its resistance at 131.32 (76.4% & 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 129.23 (61.8% Fibonacci extension, horizontal pullback support). Stochastic ( 89, 5, 3) is approaching resistance at 98% where a corresponding reaction could occur.
GBPJPY is approaching resistance at 149.20 (100% Fibonacci extension, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where it could potentially react off, causing price to fall to its support at 147.16 (horizontal swing low support). We do have to be cautious of the intermediate support at 147.62 (76.4% Fibonacci retracement, horizontal swing low...
GBPJPY reversed off its resistance at 149.20 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop to its support at 147.14 (horizontal swing low support). Stochastic (89, 5, 3) is reversed off its resistance at 96% where it has a lot of corresponding downside potential.
Gbpjpy Trading around 153.2 level we Can see on Weekly its Formed bearish Pin bar. if hold below 155 we can see a big drop toward 150-147. Advice to sell in range of 153.2-154.5 sl above 155.5 TP1 150 TP2 147
Gbpjpy Trading around 139.35 Strong Resistance around 140.7 If hold below that level we can see a drop toward 1.38-1.36 Advice sell in range of 139.3-140.2 sl above 141 TP1 138 TP2 136
GBPJPY has been turning bullish for the last few weeks, with impulse up as wave A) shown on the daily chart which means that market is in a bigger three wave recovery which is expected to resume after wave B) pullback, that can be as of current price activity completed. We are specifically talking about the new bounce, that occurred the past week, from around the...