Thank you for leaving comment or Like. After projected pull back from the monthly central pivot point I closed my position with 190 pips.GBPJPY is now approaching Weekly pivot in confluence with 382 Fib retracement and support zone. Stochastic is approaching oversold levels so looking for the price action HH, HL pattern on 1H chart.
We expect GBPJPY to RISE. CCI is rising. RSI is rising. STOCHASTIC RSI is rising. We would like to LONG GBPJPY above: 160.93 SL: 160.38 TGT 01: 162.31 TGT 02: 162.92 TGT 03: 164.80 Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Bottom touch the EMA 35, bouncing up to above target, hopefully before the NFP announcement. Any idea?
We have had out x to A leg and A to B leg form. looking for a buy in and around the 157.052 level, looking back this was a level of support all teh way back in Nov 2013 and price rose from this level which bodes well for a potential rise and completion of the C to D leg. Point D would bring us back in line with some more recent level of support that was broken,...
GBPJPY has recently seen a huge drop off in previous days. It is developing Bullish divergence and appears to create a short-term LONG opportunity.
GBPJPY looks to be completing a 5 wave formation Below 1.6250 negates in which case reverse twice the long position
TRADE ENTERED - AND PRICE ENTERED A PERIOD OF CONSOLIDATION, LOOKING FOR PRICE TO HEAD UPWARDS, CREATING A NEW HIGH AND START OF A TREND.... PRICE ACTION WILL MAKE MY DECISIONS FOR ME, I JUST WAIT FOR IT TO TELL ME....
GBPJPY Intraday forecast for thursday 18 February 2016
GBPJPY is expected to rise now. There are many reason why we feel it may rise. 01. It has not sustained quarterly buy level. 02. BULLISH Engulfing pattern in daily Chart. 03. It has gone way below the quarterly Low target. and chances are bright it may touch 190 very soon 04. Stoch RSI (3,3,14,Close) is not clear. 05. RSI(14,CLOSE) Is rising. 06....
Either buy these levels or buy the break of the 45 degree counter trendline 10.50 reward:risk is sweet like icing sugar 0.6580 and below negates. Hedge the long and open a 2x short for break even or moves down to 0.6460
The YEN appears to start the week on the back foot after solid gains last week and we have a channel break on GBP/JPY. I'm LONG this market from 165.04 with a STOP under last weeks Friday high of 164.74. Target is 167 area where the 200 sma's come in and above that the monthly fib at 167.29.
Ascending channel, slight rounded bottom, higher highs, higher lows.
Hi guys, Just some analysis, GBPJPY buy set up, if it breaks the trendline, and targer will be the 0.681 anad after that the structure high of 175.xx. Break of the trendline will show a shift in the structure towards higher area. Thank you and please comment or like if it helps, will really appreciate it.
We have had a double bottom here on the 4hr and possible on the Daily tiemframe as well. If we can break structure there is a possible set upf ro a 2618
Divergence on15M. A short term trade to the upper channel line
Buy @ Market 170.275 SL. 169.3 TP. 170.9 171.3 171.8