After getting the .382 retrace thanks to the BOJ news, it looks as if GBPJPY has a lot further to go. We're entering major bear territory for this pair. Projected target 1 at 156.75 level ( 1.272 extension ). Projected target 2 at 148.00 levels ( 1.618 extension )
GBPJPY began to make its move downward last week. This week we should expect major resistance.
This bad boy is moving down very nicely.
Trend continuation confirmed. Break of support at 163.980
Hey no problem. Basically I saw that GBPJPY was in a very bearish down trend. I was looking for a possible entry at the .382 retracement of the impulse leg. Target 1 is at the 1.27 extension, and target 2 is at the 1.618 extension.
Because the support level has been broken we have confirmation that the trend is still bearish and will move down further. This pullback is probably a minor retracement. I expect this pair to continue heading downwards. I personally would wait for confirmation before putting in an order to sell.
Hi bro, your first target of the project is completed, of course I congratulate for you. I was curious whether your second project will also be successful here, or you have the latest analysis of current issues brexit ? thank you