This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements GBPJPY0.13% this week's price action will either open the door for the continuation of bearish trend or new bullishness. Fundamentally speaking GBP after the BOE statement gained some momentum as BOE was hawkish in it's comments and mentioned...
GBPJPY is expected to sink now. There are many reason why we feel it may sink. * Abandoned baby in daily Chart . * To sink and come near 14.14 levels * Stoch RSI (3,3,14,Close) is un clear. * RSI (14,CLOSE) Is also of the view it may sink. * CCI (20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it...
GBPJPY is expected to sink now. There are many reason why we feel it may sink. * ABANDONED BABY in daily Chart . * To sink and come near 154.14 levels * Stoch RSI (3,3,14,Close) is not in favour. * RSI (14,CLOSE) Is saying it may sink. * CCI (20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to...
It looks like another down leg in formation, as it nears the resistance of the falling wedge pattern. Market seems to take it near 61.8% Fib Correction for the major up-trend basing at around 148 levels.
There are many reason why we feel it may SINK * It has not sustained quarterly ..... level. * BEARISH in WEEKLY Chart. * ToSINK and come near 157 monthly target 03 * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI(14,CLOSE) Is also of the same view. * CCI(20,CLOSE) Is not clear Keeping all the above indicators in view along with the chart pattern...
GBPJPY H1 Forecast: i think this pair is still very bearish. Price will move down in major moves. Therefore i expect small retracement, then further down.
The YEN appears to start the week on the back foot after solid gains last week and we have a channel break on GBP/JPY. I'm LONG this market from 165.04 with a STOP under last weeks Friday high of 164.74. Target is 167 area where the 200 sma's come in and above that the monthly fib at 167.29.
GBPJPY: We expect GBPJPY to stay low atleast upto 13 FEB 2016. For our weekly traders Sell @ 169.93 with a SL @ 170.52 tGT 01 @ 168.47 Tgt 02 @ 167.82 there is a confluece level here between 167.98 to 167.82 we would advice to exit around 167.82.
A very nice looking Gravestone Doji has formed on the 4-hour chart for GBP/JPY. A few points to note: A) Daily failed to close above 170.00 B) I expect an ABCD pattern to form. If correct, then the timing of this Gravestone Doji is perfect. The ABCD pattern may start its C/D leg at around the 167.00 level, of which is where the downtrend ended and a great buying...
Hello Traders! As we promised for some Traders, there is the GBPJPY daily detailed forecast by the EWA/EWP analysis! Excuse us for the long wait. By popular demand, we present you, 3 additional video-forecasts within GBPJPY currency pair. GBPJPY - FORECAST! (1-st variant) - youtu.be GBPJPY - FORECAST! (2-nd variant) - youtu.be GBPJPY - FORECAST! (3-d...
Clear breakout and targets.
GBPJPY currently strugling to break between 100pips of its high-low position, strong support at decision area giving me idea that the pair is going to continue climb and break the resistance. However i would be more cautions if the price comeback again at decision area. It could be a downtrend continuation. Always lock position at 30 pips
I am looking for a short untill 183 area, which is point 4 of the wolfe wave. From there I would like to buy if the falling wedge in RSI breaksout north. Targeting at least point 5 and maybe even the sweet area in the wolfe wave. Once arrived there I believe we have a lot of pips to be made at the sellof.