The Pound has exploded higher on Friday and in my experience after such strong movements comes a decent pullback. I am bullish on the GBP as we are now trading well above the most important moving averages, aswell as having convincingly broken through the Daily 21 EMA. I am expecting a retest of the D21 and previous structure found at the 133.200 level before...
It a long term Trade with high Reward 1:3.5 Risk Reward let's see
I think we see nice retest, buy more lots SL 129.84 (see related ideas)
GBPJPY Hard buy breakout expected for long! Dont miss that! As always, Buy GREEN Sell RED breakout!
The price finding support area at 139.50. Bullish as long as support area remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 140.50 with potential target at 144.30- 145.70.
am getting obsessed with this pair. what we have here is a broken trend line on daily time frame. the trendline was tested in a trade we took earlier in this pair : since it failed to break the line, am expecting a down movement from now on till 147. considering brexit is on its way, I think this only makes my statement stronger.
We have a broken trend line on a very unstable pair, considering brexit and all. Don't risk too much on this pair as GBP acts really randomly, but with all that being said, this trade has a great ratio and we have already pulled back and am expecting upward movements to 157-158.
MY Idea BOJ Affects to move down a lot. I think it is going to 4th Wave (or A) I stil waiting for signal to trade. It is too risk to trade now.
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.
Tf day. Uptrend Tf 4H. Uptrend Tf 1H. Uptrend It is in the 3rd wave and will go up more. Please watch for thr entrance.
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...
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.
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...
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...