Looking for buys on pound yen..analyse first before making decisions..happy trading and be blessed..
- GBPJPY might reverse it's trend - We got to see an impulsive move - Now wait it's time for corrective move and then go up again - Use fibo 50-61.8% for target
Ready to buy. I will buy from market.
GBPJPY Long term analysis The safest thing is to wait for correction from the current rising wave. Then open positions up. For thrill-seekers, you can trade down in waves A and C
GBP JPY, I simple trade. I want to put a clean and simple chart , so I decided to just show the directions! However, If you would like to know and learn how we analyse this pair, Please drop up a comment! At the exact moment this pair looks that will reverse back to 143.604 and then the sellers together will take the price of the pair to South ! However, a...
GBPJPY I've sketched the POSSIBLE retracement area of GBPJPY which it could be doing.
This pair has made wave a and wave b has ended. The thing that will happen after that is this pair will make movement towards point c. The price at point b is 147,000. This price will remain valid if the price does not move lower than 145.00, so it can make a move to point c. if viewed to a lower time frame that is H4, this movement has been cornered with the...
We notice mirroring between the pattern of daily(september 2017- today) and the current 15 min
Our preference: buying position above 145.25 with targets at 146.10 and 146.55 in extension. Alternative scenario: in break of 145,25, a continuation of the decrease will be envisageable with 144,80 & 144,45 in line of sight. Comment: The RSI is bullish and militates for a continuation of the progression
Our preference: sales position below 146.70 with targets at 145.40 & 144.80 in extension. Alternative scenario: in excess of 146.70, aim for a continuation of the rise with 147.10 and 147.55 in line of sight. Comment: as long as 146.70 is resistance, trading range with a bearish bias.
Our preference: sales position below 147.20 with targets at 146.45 & 146.00 in extension. Alternative scenario: in excess of 147,20, aim for a continuation of the rise with 147,60 & 148,00 in line of sight. Comment: The RSI is bearish and militates for a continuation of the decline.
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