barikjan

barikjan

GBPJPY might go down from this point and previous upward move was rather 4th corrective wave. Stochastic, Cloud and Bollinger Bands are also supporting my idea. Tell me what you think of that? It might get into the Cloud and bounce from there though

barikjan

Price is expected to bounce from the support. Considering current geopolitical tensions and weakness of dollar that may bring some good profits.

barikjan

Despite of the wish of RBNZ to keep their rates at dowish note, we could expect a corrective move on this pair before it proceeds its bullish trend.

barikjan

Pair is under big question, since now it’s touching importance support line which held since January. However, as we know USD is getting more and more momentum.Most probably, scenario would be as follows. Price will break the channel line and bounce from support level on 0.70 psychological level, which also has strong support and matches with 100MA.