GBPJPY LONG Currently waiting for a closure above the 142.076 area to confirm a bullish movement to the upside. If it breaks, our first TP would be at 142.922 area. If it decides to break through that, we will plan on our next move ahead to the next S/R above. My S/R lines were drawn off the weekly so you would have to check the weekly/monthly in order to...
FX:GBPJPY Safe Trades;
FX:GBPJPY Long Previous Resistance Present Support (If Support Holds)
The price finding support area at 139.50. Bullish as long as support area remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 140.50 with potential target at 144.30- 145.70.
expectation to make new structure high from previous support turn into resistance
One can either Trade C to D or The Dpoint of this pattern. we see a respect of red trendiness so be patient and wait on it!
GBPJPY
I THINK ITS LONG PATTERN AS NOW , IF RESETTING LINE NOT BROK
If we see this candel close above the trend line coudl see more upside
Possible cypher nearing completion, order in place
Just looking at possible ways this pair might play out over the coming days Overall I have a long out look after the Brexit result last week
Current thoughts: So GBP took an extreme dive today (more than 15% at the bottom). The reason was that the market expectation was that UK would vote to remain in EU. But it didn't. The situation is that UK people voted to leave EU, but it will absolute take years (2+ for sure) to take care of all sorts of issues such as EU-related legislation. So in this...