Hi traders, today i want to share with you some of my daily analysis on pound/yen. As you can see in the chart the trend has been clearly bearish for the recent past. After the break of the level of 130 flat the price is now coming back to retest that level of daily support. Support could become resistance and so we are now in "alert mode" in lower...
Retest awaiting confirmation RESISTANCE THEN WAIT FOR A TURNAROUND OR A BREACH OF RESISTANCE. 1) IF THE PRICE WE CAN BREAK RESISTANCE TO GO IN LONG 132,008. 2) IF THE PRICE RESISTANCE bounces off we can take TP1 125.30 and TP2 127.35 ..
formation of a small price consolidation to continue its downtrend, TOWARDS 121.
formation of a descending triangle on the daily chart formed by a trendline that has been validated four times and support I is validated, it is expected that price does break the pattern of descending triangle to go to the next monthly support, which is in 118.75-116.40.
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GBPJPY LONG EXPECTED - TARGET 146.XXX
WAITING FOR CONFIRMATION OF SMALL RANGE BREAKING BULL, GO SHORT TO SUPPORT THE FOLLOWING AREA.
RETEST IMPORTANT TO FIRST REACH THE AREA SUPPORT FOR LONG AFTER GOING IN GBPJPY.
I think we see nice retest, buy more lots SL 129.84 (see related ideas)
GBPJPY Hard buy breakout expected for long! Dont miss that! As always, Buy GREEN Sell RED breakout!
GBPJPY continuation uptrend up +- 140.000 Strategy to trade: Buy low - never Sell long
GBPJPY works very good... Keep informed by follow my ideas...
Next Sideways correction and than down to 147.50 Resistant @158.00 or white counter trend line Support @ 152.00 End Target @ 147.500
am getting obsessed with this pair. what we have here is a broken trend line on daily time frame. the trendline was tested in a trade we took earlier in this pair : since it failed to break the line, am expecting a down movement from now on till 147. considering brexit is on its way, I think this only makes my statement stronger.
GBP pairs are very volatile due to Brexit, so be careful. great ratio, best of luck !
The Fibo Clustering of Big 1-2-3 and small 1-2-3 around 163.5 and 164.5 Who has position, please wait and trailing stop. (or exit before BOJ announcing) Who don't have, trade in the shorter TF. Cheers