GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, VODAFONE GROUP PLC ORD USD0.20 20/21, MX OIL PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), UK OIL & GAS PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
This is my updated medium / long term forecast for GBPJPY.
TRADE1 : SELL 151.100 SL 153.050
TP1 146.500, IF BREAKS TRENDLINE TP2 136.300
TRADE2 : SELL 154.900 SL 157.700
if price will bounce back from lower trend line we should have also nice opportunity for buys and that woudl validate second sell ...
I am strongly convinced that big weekly correction has just finished and we should have resumption of long term trend now,
There is still possibility for one more up within this structure when price will reach lower trend line however as we we are on current wave it is good idea to sell. You can look for entry on lower time frame for even much better RR.
Good luck !
We have a nice descending channel in development as a correction from the uptrend.
I expect breakout from the channel soon and you can use it as entry point for long positions to TP levels as marked on chart.
Looks like we have double top formation in delopment.
Curremt price action indictaes we have had breakout of neckline and retest from bottom which is good sign for sell entry..
Footsie is in big corrective structure msost likely in form of expanding triangle.
We have a clear divergance in MACD which supports idea.
After big sell offon Friday punds shows signs of recovery / correction which also supports.
Price might slightly go up before drop as on lower timeframe we have possibly triangle pattern in development which can break ...
We have a classical head and shoulders pattern in development.
Structure indicates we have a good quality pattern and I expect price to retest broken weekly trendline in area 5$.
This is my medium term analysis for DJIA -0.01% .
I expect wave C of correction on daily timeframe to start very soon.
Price might still climb up as there is no way to tell where wave B can reverse exactly. The upmove is very limited and it is much better to wait and trade any sell opportunities in wave C.
Momentum slows down rapidly and we should have drop ...
This is my medium term analysis for DJIA.
I expect start of C WAVE of correction on daily timeframe very soon.
Price might still climb up as there is no way to tell where exactly but it is very limited and it is much better to way and trade any sell opportunities in wave C.
Momentum slows down rapidly and we should have drop soon.
It looks like pair moves in channel. At the moment I see two possible ways how structure can develops as marked on chart