The 50% retracement support have been tested before. RSI and Stochastic haven't hit bottom yet. If the macro economics is going with the stream, it would hit 50% fairly soon, and we'll see if it reverses.
Hi guys, the GBPJPY is building a massive wedge on the 4 hour. Trading inside this range is guesswork at best, but an eventual breakout should yield nice results. My guess would be short, but if you look at a daily chart and zoom way out, we recently broke above down trending resistance (well, back in November, 2016). We'll see. Now it's just patience. If you...
GBPJPY Trading In Rectangular region
Just yesterday we were discussing the potential for the British pound to continue to advance against the greenback. And given yesterday’s close, that still seems likely so long as 1.2410 holds up as new support. But the pair’s counterpart, the GBPJPY, hasn’t fared nearly as well over the past 24 hours. Yesterday’s plunge in equities has triggered a flight to...
s3.amazonaws.com GBPJPY Elliott Wave cycles on the weekly. It's not a true impulse because wave 5 far exceeds wave 1. Without Brexit I believe a clean impulse would've occurred.. Regardless, I think we'll test the 50% again (first week of April), before bouncing up for the C leg. If 50 retrace breaks down the ABC correction could still be in play a week or two later.
Hello there, On the chart you see a pitchfork in which price has made some nice bounces. There is a potential bat pattern as you can see but this might actually become a butterfly depending on where you start to draw X. And the thing that is ironic here is that there are two lower trendlines where price could find D and thus either forming a bat or a...
JPY posted mixed economic figures, while GBP is not posting anything of importance today. A falling wedge has formed and is looking to breakout momentarily. Stochastic crossing close the the 20. mark. RSI and MACD rising. Note the strong support 2017-03-09 (see volume on the day). My best guess it's a bullish breakout, if any. Yet, I'm waiting for the confirmation first.
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Waiting for signal where price is going. Price seems to break the trendline, but it could also be fake. Expecting upward move if price goes above 141.000
We have been trading within a nice wedge since Mid January. We finally got a breakout this week and a nice bearish engulfing bar. I'm looking for a retrace back toward 140.50 to find some price action and reentry short. UK yields have been falling hard and more money is flowing to safe havens like Gold/Yen due to the uncertain state of the global economy.
HEAD AND SHOULDER FORMATION WAITING FOR TRENDLINE BREAKOUT TO GO SHORT ALSO GBPJPY THIS DAYS IS BEARISH PAIR SO THIS IS A GOOD OPPORTUNITY TO EARN 100 PIPS !
Hi,traders,I hold a point:Good charts does not more words to explain! Good luck
GBPJPY Touch Trendline And MA BREAKOUT Nextime Now Rebound up for Going Down... Lets Go GBPJPY Down...
Hi guys, as I mentioned in my GBPAUD post, most of the GBP pairs are forming wedges. I will trade the GBPJPY exactly the same as the GBPAUD: This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
Hi,traders,I hold a point:Good charts does not more words to explain! Good luck