Fxprotrader
Long

GBPJPY Potential Buy Setup (UPDATED)

FX:GBPJPY   British Pound/Japanese Yen
634 7 25
Price has broken above a downtrend, has pulled back and it's now testing the broken level. At that point we should watch for any buy setup. Watch below for my potential setup
Comment: MACD divergence shows we might have a reversal. Wait for this consolidation to be broken followed by a correction and buy
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I don't know about reversal, even with GBP strength, Yen has made quite a statement, I anticipate lower lows in all yen pairs, the divergence might anticipate a correction which can very well be a sideways flat thing.
+3 Reply
U will fail definitely... Wait n see coming weeks :)
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mabforex Sakakikunmakio
If you disagree just don't post any message.
Stay out and respect other people analysis.
Reply
Fxprotrader Sakakikunmakio
If you write "definitely" describing something that is going to happen in future, you are a HUGE TROLL..
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hey what do u think to do now ?
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Watch for a breakout and you may go long. We might have more ups and downs in this wedge but be patient and wait for that sharp move up. Most likely a correction will follow but it's up to you which of the two you want to take.
+1 Reply
Fxprotrader Fxprotrader
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+1 Reply
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