This is an update for GBP/JPY, The pair is currently hovering around the trend line shown in the chart. we're predicting for PRICE BREAKOUT. We hope our signals could be of best use for you, so BUY on 162.029 and place your TARGET at 162.580
We wish that our analysis could be helpful on your trades. Here is an update for GBP/JPY, envisage for PRICE BREAKOUT. It would be a great idea to BUY on 160.590 and place your TARGET at 161.140
Yesterday it is a sideway bar by bar. Hard to play with it. I stop loss for 2-3 times.
I think this week has many news and decide to no trade until BOJ declared.
Trade with carefully.
MY PLAN
Finally, the market reviewed itself that end of 5th wave.
It will becomes corrective stat.
1. A- It is the 1st wave or,
2. A ending and become B. Please do not trade this state.
In my view, i think it is end of A and going up to make B.
Lock profit a short time.
Cheers!
TRADING PLAN
Yesterday, i am busy after Finish short closed, so do not play the LONG. :(
Remind that it is still uptrend in 4H, so we play for a retrace (corrective).
1.If it is a wave 2 in 4H, i think it is in the ABC Corrective and in the C state already
Plan Play impulse of C (12345) and TP around 156
2.If it is the A, same TP too. : )
Cheers
We wish that our analysis could be helpful on your trades. Here is an update for GBP/JPY, envisage for PRICE BREAKOUT. It would be a great idea to BUY on 161.140 and place your TARGET at 162.029
This is an update for GBP/JPY, The pair is currently hovering around the trend line shown in the chart. we're predicting for PRICE BREAKOUT. We hope our signals could be of best use for you, so BUY on 162.029 and place your TARGET at 162.580
SUMMARY:
The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks...
We hope that our analysis can help you in your trading. This is an update for EUR/GBP, it is predicting for PRICE BREAKOUT. It would be a great idea to BUY on 160.590 and place your TARGET at 161.140
The reason why we feel GBPJPY may RISE.
* On weekly basis it has just started moving UP.
* To RISE and come near 164.86 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :163.29,...
We expect GBPJPY to RISE.
CCI is rising.
RSI is rising.
STOCHASTIC RSI is rising.
We would like to LONG GBPJPY above: 160.93 SL: 160.38 TGT 01: 162.31 TGT 02: 162.92 TGT 03: 164.80
Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
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 is expected to rise now.
There are many reason why we feel it may rise.
01. It has not sustained quarterly buy level.
02. BULLISH Engulfing pattern in daily Chart.
03. It has gone way below the quarterly Low target. and chances are bright it may touch 190 very soon
04. Stoch RSI (3,3,14,Close) is not clear.
05. RSI(14,CLOSE) Is rising.
06....
