Red Zone Area 1.26663 - 1.26860 = 19.7 pips
Green Zone Area 1.26345 - 1.26663 = 31.8 pips
Blue Zone Area 1.26345 - 1.24153 = 219.2 pips
Entry Points In The Green Zone 1.26345, 1.26425, 1.26542, 1.26663
Gross Target 1.24153
As seen on the chart 164.940 is the price level that GBPJPY should at least touch to confirm a decline for it. And selling at high prices can be done in the area of expectations.
The minimum decline if any for GBPJPY is at 161.472 which is likely to make it a lower high for the low during this era of 159.034.
If this happens, the rise could be targeted to 171.817
Has prepared a way for EURJPY through it, please Mr. EURJPY use that path
This is what can be thought of for this EURJPY. The available levels are really waiting.
Fibonacci Resistance who is waiting
143.939
152.057
157.075
165.192
178.328
191.411
The structure on H1 seems to make this possible. For this scale the high formed is at 98.325 and the low is at 97.055 while the lower which is higher than the previous low is 98.194.
Low 97.055
High 98.325
Lower High 98.194
Through the Fibonacci End Of Trend, it is seen that the high potential is higher than the previous high. So, these two prices are...
The price of 129.110 seen on the chart is seen as more suitable for the end of a temporary rise. There will be no more pleasant decline before the USDJPY reaches that price. This is based on the scale in H1. However, it is not surprising if the price hits the nearest fibonacci level of 130.712.
The first plan was bought at 92.067 with a stop loss priced at 91.883. And take profit at the price of 93.963. If a loss, the loss amounts to 18.4 pips. But if profitable, the profit is a total of 189.6 pips.
When the first plan succeeds, then the time is for the second plan.
The second plan is to sell at 93.963 with a stop loss at 94.166. And take profit at the...
Horizontal line - 134.899000 Entry 1
Horizontal line - 134.851000 Entry 2
Horizontal line - 134.768000 Stop Loss
Entry 1 to stop loss 13.1 pips, Entry 2 to stop loss 8.3 pips.. The amount of possible losses of both is 21.4 pips.
Take Profit on waves 3 & 5 & they don't exist yet & they have not been able to be held yet.
