ChaosTrader63
Short

GBP vs JPY 4 Hour Divergance

FX:GBPJPY   British Pound / Japanese Yen
170 1 1
Looking at the GBP vs JPY on the 4 hour time frame we can see first the awesome oscillator , which shows divergence against price on this time frame. Also, we are up against a daily and psychological resistance level & 154.0
I am expecting at least a short term downward move to the Kumo Cloud level at roughly 152.5 and possibly a drop to the daily time frame Kijun @ 151.943 anything below this level would possibly break the last support level of the Kumo and we could see a big drop to an area between the 149 and 148 level. I tend to believe the drop may be short term with ichimoku signals all bearish on the daily time frame and the 4 hour but once again a move below the cloud would change all of that. Have a great and blessed trading week.
Further more we are probably at the top of a 5 wave move which would bring the possibility of an ABC move with the C wave being downwards.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out