GJ seems create head and shoulders pattern..
As we can see on the GBPJPY daily time frame since last December, the Bull keeps the market up strongly, and the Pound was getting stronger than strong against YEN. After the G7 Meeting and Federal Reserve Meting, the Pond is getting weaker slowly. We are going to open a short position from the current price level.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
As i said last weeks ...as I said last weeks GJ has reached 155,600 NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if...
GBPJPY has just completed a five-wave impulse to the upside and according to EW principle, a three-wave correction follows every impulse sequence. If this count is correct, a decline to the previous fourth wave low is plausible in circled wave iv. Do you think bears will take over on GJ? Let me know in the comment. Thanks for reading!
As my previous prediction run as welll. To continue the chart on this week. GJ create liltle correction still try reach the resistance.
GJ has near the Strong Resistance, it will reach the resistance and drop soon. More ±600 pips waiting on it
gbpjpy - the complete setup analysis - great sell opportunity
the price will reject the monthly downtrend and the resistance area in the weekly time frame
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Possible buying bias after a break and retest of the daily structure
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This instrument is creating a lower every time it is approaching the resistance line signaling further upward movement