GBP is strengthening as Brexit is brining positive UK economic outlook. It's now time for the retracement, both scenario 1/2 both provides 100+ pip opp. Suggested entry is a demand zone.
Trade Idea Broken out of the triangle formation to the downside. Continued downward momentum from 137.79 resulted in the pair posting net daily losses yesterday. There is scope for mild buying at the open but gains should be limited. We look for a re-test of the upward trending resistance. We have a 61.8% Fibonacci pullback level of 136.79 from 137.79 to...
Trade Idea Broken out of the triangle formation to the downside. Continued downward momentum from 137.79 resulted in the pair posting net daily losses yesterday. Negative overnight flows lead to an expectation of a weaker open this morning. We look for a re-test of the upward trending resistance. Further downside is expected although we prefer to set shorts at...
GJ (GBP/JPY) formed Double tops and divergence in my macz-vwap and daily chart, DeMarker and CCI's is highly overbought showing for trend reversal. Momentum squeeze and Momentum stochastic is beginning for the bear candle-stick expected to bounce below mtf ema again. Look at day's range and wait for ema to be above you rsi line for a good entry and confimation....
Hi, We like being prepared and adapt ourselves to the reaction of the market in case it diverges from our initial cenario. Here we are looking at a bullish movement on the GBPJPY. Happy trading. HiZi.
I hate trading this bear when the Pound is so weak, but I shorted this pair at the top of the wedge @145.2 and we're now retesting the edge of the wedge again, we're consistently breaking lower lows, but it takes time to get there, takes ages to rise and then drops each time, just like this! 142 is the target, but with eyes on 140, this pair is hard-work, so...
Could see a great swing entry from GBPJPY. We have a strong weekly resistance currently be respected now as support as GBPJPY jumped 100 pips overnight Sunday to Monday
Lets go with this third time lucky! All out this time 140.000 here we come
As you see on the Chart above GJ creates a smaller ABCD pattern in bigger ABCD pattern. We rejected of 145.70 multiply times. I think we see the break of Tl support next Days. When it hits our Target at 143.00, we may can look for a long position, to swing it to 147.50 - 148.00. Keep your eyes open
You can see over the year we have been trading between the two main support and resistance. From price action you can see this market is starting to lose momentum trying to break through the resistance barrier. Bearish candle sticks and short term 2 hourly trend line has been broken. Think its time the pound dropped! let me know what you think!
GBPJPY Daily Long Looks like a bull flag is forming on pound yen, could always be a deeper correction.