Potential Ending of November 2016 Rally on GBP/JPY
-Here we see some factors that give us a potential vision about the GBP/JPY in the next few days:-
-The pair already broke the kumo cloud and now are retesting the cloud again . now we started to see a potential weakness appearance and The kumo cloud with Kijun sen are still resist the up move .in additional to the future kumo was twisted to bearish kumo ... all of these are giving us a warning signals .
-As an Ichimoku trader .. Chikouspan is crucial to to make a potential successful trade..which is now into the price and still couldn't break the kijun sen ...that's mean price maybe consolidate for a while ...so we need to see Chikouspan is lower the price and pointing down with enough space from the price to confirm that price is already has a bearish momentum to continue it's down move.
-The main thing here is the pair started to make lower highs and lower lows.. which is now moving into a nice falling channel and According to that... maybe the rally that started in November 2016 comes to an end... and Maybe we see a potential down move next few days that will give us a nice short trades with big Reward.
-Of course we shall wait until we see a nice breakout of the supporting area (141.70 : 142.30)... then we can think to hunt some pips from the next down move to the next supporting area (138.50 : 139.00).
Be Sure To Be Ready ...!!
Thanks ...!!
-The pair already broke the kumo cloud and now are retesting the cloud again . now we started to see a potential weakness appearance and The kumo cloud with Kijun sen are still resist the up move .in additional to the future kumo was twisted to bearish kumo ... all of these are giving us a warning signals .
-As an Ichimoku trader .. Chikouspan is crucial to to make a potential successful trade..which is now into the price and still couldn't break the kijun sen ...that's mean price maybe consolidate for a while ...so we need to see Chikouspan is lower the price and pointing down with enough space from the price to confirm that price is already has a bearish momentum to continue it's down move.
-The main thing here is the pair started to make lower highs and lower lows.. which is now moving into a nice falling channel and According to that... maybe the rally that started in November 2016 comes to an end... and Maybe we see a potential down move next few days that will give us a nice short trades with big Reward.
-Of course we shall wait until we see a nice breakout of the supporting area (141.70 : 142.30)... then we can think to hunt some pips from the next down move to the next supporting area (138.50 : 139.00).
Be Sure To Be Ready ...!!
Thanks ...!!