The Trap GBP/JPY - next week

The Trap GBP/JPY

This currencies pairs .. sometimes make you miss and lose control and do not know where the price went . that really crazy pair of currencies , I sometimes see a price between them and exchange bars between of them like a real battle. let me go more deep this time and see were price want next week.


first let's see Important timeframes in time of close On Friday, 22 June.

timeframe 30min price reject at 145.556 and price now above fibo 23.6 ->145.809
timeframe H1 price reject at 145.556 and price now above fibo 38.2 ->145.843
timeframe H4 price reject at 145.558 and above fib 50.0 -> 145.496 and price now above fibo 38.2 ->145.764

in daily timeframe another story 3 bullish days with 3 tail or wick and 2 days reject from fib 14.6 -> 144.729 and last day Emigrated above fib 23.6 -> 145.688

in weekly the trap , weekly it managed to get close blow fib 23.6 -> 146.339 and get low to 144.395 but get strong reject make it above fib 14.6 -> 145.131
as you see in chart With dependence on fibo timezone price wil be high high low , and this wil be until 24/9/2018 and This explains why this week can not change the monthly bar With some failed attempts at 144.371. So next week will complete the rally for this month

daily 0.19% bullish
weekly 0.70% bearish
monthly 0.83% bullish

p.s: Do not rely on the British economy bad news and get out of the EU for sell .. trading the down to up and this potential up move on weekly and month

if you like my idea please leave for me a like and Comment!!

Thanks,
Trade Wisely

Comment:

On my calculations, the first change in direction after 7 hours ... today we need to close above 146.339 in daily .

Thanks,
Trade Wisely

Comment:

as i said , trading the down to up and this potential up move on weekly and month . ;) ..