Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I am looking for a long on GBPJPY at lower time frames and after a retracement, we can see a good drop to deeper levels minimum of around 148😊
📌DO NOT short to target I mentioned because the price can go upper easily.
wait to receive the price for the mentioned area
am expecting a little drop from 156.36 down to around 155.80 zone where I will be looking out to go long once i get the trendd confirmation on the smaller timeframe.
my bias for GBPJPY is bullish till price gets to 158.00. so what this means for me is that I will be looking for more of buying opportunities than Selling
stay tuned to this feed for live trading...
- FLASH PMI DATA S for GBP is due out today. They will have a huge impact on GBP. It will be somewhat important to us. Then we wait for the change in GBP. This week is nothing special for JPY. So the JPY MARKET goes through the SENTIMENT.
- GBP FEATURE is currently at 1.2902 LEVEL. Also the JPY FEATURE stays at 0.0078 LEVEL. GBPJPY PRICE has dropped on...
Good day Traders !
For this pair we have a "W" formation in the Monthly timeframe ad well as a double top forming. We expect the price to drop to the neckline and also to correct the previous impulsive move.
Going down to the weekly timeframe we have an overextended W formation as well and the neckline of this weekly is in confluence with the Monthly neckline...
Here is our forecasting report in video format for GBPJPY on 2 February 2018. Enjoy.
Good trading
NinjaSingapore
2 Feb 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general...
