GBPJPY almost reach resistance level at 147.84, if this pair failed to break up, and break down up trendline, best opening position after this trendline break with target around 145.12 and stoploss above resistance. with this setup we aim for 196 pips with 2.82 R/r ratio
GBP/JPY showed first signs of important weakness. It has moved down under all the ema's on the hourly chart to make it an important movement and could very potentially be a trend continuation pattern. If it does not hold support at it's current level, then I expect it to go down about 300 pips and more in the long term. Always trade after your own analysis as...
Selling once we break the channel and the green line, best wait for a 4hr close under the green line before taking positions.
harmonic pattern almost completed and GBPJPY Currently is at sell zone watch carefully and take good points entry good luck .
RSI indicates a loss in momentum, we will wait until it bounces back to enter or we wait for the breakout + retest and the green S/R line. 4H analyzis by Ray
RSI showed that the price has been overbought! If prices continue to rise to D, the MACD will have a good reversal signal! Our entry price 145.9-146.1,SL-50 PIPS,TP-144,TP2-???
GBPJPY Chart Confluence factors : 1: pattern : Triangle (Continuation ) 2: NEUTRAL 3 : WAIT FOR PROPER BREAKOUT FOR bullish trend 4: Timeframe: DAILY 5:Possibility : 65 % 6: Target : break point 141.61-70 long : 143.61 ,145.30, 147.61 .. SHORT : 139.61
Hi Seildev here. Area of interest 143.443 ~ 144.000 for short term sell (next week or two). And at 140.65~ 140.9 we'll be looking for a buy again. - Fib at 50% @ High 10th/May/17 and Low 14th/Apr/17 - Another 50% Fib @ High 31st/May/16 and Low 7th/Oct/16 - Forming a classic ascending triangle - Structure shows 143.75 to be a key level that acted as support and...
Break of triangle and here we go 139.00 Let's Watch !!
Hi traders, after coming back from a nice 200 pip profit from the previous GBPJPY trade I'm looking for another 390 PIPS to the upside even tough the main trend is down. I've bought from the 23.6 fib as seen on the chart above and I'll long it until 61.8 to see how it reacts to the resistance line , a break of that would most likely mean that the bulls are...
Our preference: sales position below 141.20 with targets at 139.50 & 138.10 in extension. Alternative scenario: in excess of 141.20, aim for a continuation of the increase with 141.80 & 142.65 in line of sight. Comment: as long as 141,20 is not exceeded the risk of a depression of 139,50 is important.
GBPJPY Have some more upside in it so lets see if this is the end of the correction.