GBPJPY - Weekly There is a buy Signal in weekly chart , probably to big move Guys! at your own risk
GBPJPY It's still looking to the downtrend, but i'm waiting for buy short term target at support Hey guys, at your own risk
lots of trend line bounces will soon to happen
Strong sell signals on this pair. Has hit a strong resistance level on an uptrend with very strong bearish divergence on the RSI.
Pair's break above 156.15 (daily high) would expose 157.07 levels. Such a move appears likely if the UK manufacturing PMI beats estimates. Irrespective of the day, the move higher could happen if the hourly chart shows a closing above 50-MA, On the other hand, a failure to take out hourly 50-MA would shift risk in favor of a re-test of daily low of 155.29.
Resistance – 161.79, 162.57 Support – 160.88 (hourly 50-MA), 160.00 Pair’s rebound from 160.00 (zero figure + 76.4% of 162.58-151.54 ) followed by a rise above hourly 50-MA today has left the doors wide open for further gains. Nevertheless, strengthening of bullish case would require a move above previous day’s high of 161.79, which could yield...
Title says it all Safe and successful trading!
Identical setup as before, however on a shorter scale- In both cases: -Reversal just under 0.382 fib level -Reversal at earlier support level on daily chart Other reasons to short: -Continuation of bearish trend -Strong Japanese Yen -Weakening GBP Overall, short if you want some pips (In my opinion). Safe and successful trading!
GBPJPY is showing a lot of signs that it will continue lower. With prices failing to break the downwards trend line, and a breaout on a pennant formation. This is giving me some strong confirmation that the pair will head lower
SUMMARY: The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks...
Market opened higher, although it is still the open and a lot could happen, this seems like a nice trade to take with very minor risk and huge upside TP 162 SL 159.26
-Brexit fears, leading GBP to fall -Japanese currency, going to its highest since 2014 -Hitting short term 0.618 fib retracement Enter short is my view on this! Safe and successful trading!
The reason why we feel GBPJPY may RISE. * On weekly basis it has just started moving UP. * To RISE and come near 164.86 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Rising. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :163.29,...